Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors. It plays a significant role in cross-coupling reactions, such as Suzuki-Miyaura coupling, to create complex organic molecules. This compound is also employed in the production of materials for organic electronics, including organic light-emitting diodes (OLEDs) and semiconductors. Its boronic ester functionality makes it valuable in bioconjugation and labeling applications in chemical biology. Additionally, it is utilized in research for designing and optimizing drug candidates targeting various diseases.