This compound is widely used in Suzuki-Miyaura cross-coupling reactions, a key method in organic synthesis for forming carbon-carbon bonds. It serves as a crucial building block in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl or vinyl halides, facilitating the creation of complex organic molecules. Additionally, it is employed in the development of biaryl compounds, which are essential in drug discovery and material science. Its stability and reactivity make it a valuable reagent in research and industrial applications.