Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. Its boronic acid group facilitates Suzuki-Miyaura cross-coupling reactions, enabling the creation of complex organic molecules. This compound is also employed in the production of agrochemicals, where it aids in the development of herbicides and fungicides with enhanced efficacy. Additionally, it serves as a building block in material science for the design of advanced polymers and coatings with specific functional properties.