Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex organic molecules. This compound is also utilized in the production of agrochemicals, aiding in the development of pesticides and herbicides. Additionally, it serves as a building block in material science for the creation of advanced polymers and organic electronic materials. Its boronic acid group makes it valuable in bioconjugation and labeling applications in biochemical research.