This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic molecules, especially in the pharmaceutical industry, where it helps in the development of drug candidates. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for constructing biaryl structures, which are common in many active pharmaceutical ingredients. Additionally, it is utilized in material science for synthesizing organic semiconductors and polymers, contributing to advancements in electronic devices and optoelectronic materials. Its stability and reactivity make it a preferred choice in various research and industrial applications.