Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also employed in the preparation of boron-containing compounds for medicinal chemistry research, aiding in the discovery of novel therapeutic agents. Its boronic acid group allows for versatile applications in bioconjugation and material science, such as creating sensors or probes for biological systems. Additionally, it is utilized in the production of agrochemicals, contributing to the development of new pesticides or herbicides.