This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it helps in the development of drugs targeting various diseases. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of biaryl structures commonly found in active pharmaceutical ingredients. Additionally, it is utilized in the production of advanced materials and agrochemicals, where its unique structure contributes to the creation of compounds with specific biological or physical properties. Its applications also extend to research and development, where it aids in the exploration of new chemical entities and their potential uses.