This chemical is primarily utilized 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 aids in the development of drug candidates. Its boronic acid functional group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in material science for the synthesis of organic electronic materials, such as polymers and small molecules used in OLEDs and other optoelectronic devices. Its stability and reactivity make it a valuable tool in research and industrial applications.