Used in organic synthesis as a key intermediate for the preparation of various pharmaceutical compounds. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex molecules. This chemical is particularly valuable in the development of drugs targeting specific biological pathways, such as enzyme inhibitors or receptor modulators. Additionally, it is utilized in the production of agrochemicals, contributing to the creation of pesticides or herbicides with enhanced efficacy. Its boronic acid group allows for selective functionalization, making it a versatile tool in medicinal chemistry and material science.