This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating biologically active compounds. Additionally, it is utilized in the development of advanced materials and in research for designing new drug candidates. The presence of varying amounts of anhydride may influence its reactivity, requiring careful handling and optimization in synthetic processes.