Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. This reaction is widely employed in pharmaceutical research to create carbon-carbon bonds, enabling the development of drug candidates and biologically active compounds. Its boronic acid group facilitates the formation of aryl-aryl bonds, making it valuable in constructing heterocyclic structures often found in medicinal chemistry. Additionally, it is utilized in materials science for the synthesis of organic electronic materials and polymers.