Used as a key intermediate in the synthesis of pharmaceuticals, particularly in Suzuki-Miyaura cross-coupling reactions to create complex organic molecules. It plays a significant role in the production of active pharmaceutical ingredients (APIs) for various therapeutic drugs. Additionally, it is employed in material science for the development of advanced polymers and organic electronic materials. Its boronic acid group enables it to act as a versatile building block in organic synthesis, facilitating the creation of novel compounds with potential applications in medicinal chemistry and industrial research.