This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. The boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in the synthesis of heterocyclic compounds, which are often utilized in medicinal chemistry for drug discovery. Its role in creating biologically active molecules makes it valuable in research and industrial applications.