Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting specific enzymes or receptors. It plays a role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is valuable in the production of biologically active compounds, including potential treatments for cancer and inflammatory diseases. Its boronic ester group enhances stability and reactivity, making it suitable for use in medicinal chemistry and drug discovery research. Additionally, it is employed in the creation of advanced materials and organic electronic devices due to its ability to modify molecular structures effectively.