This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key building block for creating complex biaryl compounds. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in pharmaceutical research and drug development. Additionally, it is employed in the preparation of fluorescent probes and sensors due to its ability to interact with specific biological molecules. In materials science, it contributes to the development of advanced polymers and coatings with tailored properties. Its unique structure also makes it a candidate for studying enzyme inhibition and biochemical pathways.