Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the development of complex organic molecules. This compound is also utilized in the production of biologically active compounds, including potential drug candidates for treating diseases such as cancer and inflammation. Its boronic acid group enables efficient and selective coupling with aryl or vinyl halides, making it a versatile building block in medicinal chemistry and material science research.