Used in organic synthesis as a key intermediate for the preparation of various pharmaceutical compounds. 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 chemical is also utilized in the synthesis of biologically active compounds, including potential drug candidates targeting specific diseases. Its boronic acid group makes it a versatile reagent for constructing heterocyclic structures, which are common in medicinal chemistry. Additionally, it may be applied in material science for the development of advanced organic materials with specific electronic or optical properties.