Used in organic synthesis as a key intermediate for the preparation of various heterocyclic compounds. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the pharmaceutical industry to create complex molecules for drug development. Its boronic ester group facilitates the formation of carbon-carbon bonds, making it essential for constructing bioactive molecules and advanced materials. Additionally, it finds applications in material science for the development of organic semiconductors and conductive polymers.