This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a versatile boronic acid reagent, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its application is significant in the pharmaceutical industry for the development of drug candidates, as it allows for the introduction of specific functional groups into molecular structures. Additionally, it is employed in material science for the creation of advanced polymers and organic electronic materials, where precise molecular control is essential. Its stability and reactivity make it a valuable tool in the construction of heterocyclic compounds, which are often key components in agrochemicals and bioactive molecules.