This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic compounds, especially in the pharmaceutical industry. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of drug candidates and bioactive molecules. Additionally, it finds use in material science for synthesizing advanced polymers and organic electronic materials. Its stability and reactivity make it a versatile reagent in research and industrial applications.