Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex molecules. This compound is particularly valuable in the development of heterocyclic compounds, which are essential in drug discovery and material science. Its boronic acid group allows for selective functionalization, making it a versatile building block in medicinal chemistry. Additionally, it is employed in the synthesis of ligands for catalysis and in the production of advanced materials.