Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting neurological disorders. Its boronic acid group enables it to participate in Suzuki-Miyaura cross-coupling reactions, making it valuable in creating complex organic molecules for medicinal chemistry. Additionally, it is employed in the production of advanced materials, such as organic semiconductors, due to its ability to form stable bonds with various organic compounds. In research, it serves as a building block for designing and synthesizing novel compounds with potential biological activity.