This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a boronic acid reagent to form carbon-carbon bonds. It is valuable in the pharmaceutical industry for creating complex molecules, including drug intermediates and active pharmaceutical ingredients (APIs). Additionally, it finds application in material science for developing advanced polymers and organic electronic materials. Its presence in varying amounts of anhydride can influence its reactivity, making it adaptable for specific synthetic pathways. Researchers also utilize it in bioconjugation techniques for labeling biomolecules, aiding in diagnostic and therapeutic studies.