This compound is primarily utilized in organic synthesis, especially in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for the construction of complex organic molecules, particularly in the pharmaceutical industry. Its boronic acid group allows it to form stable bonds with various organic substrates, making it valuable in the development of drugs and bioactive compounds. Additionally, it is employed in material science for the synthesis of advanced polymers and organic electronic materials, where precise molecular architecture is crucial. Its stability and reactivity make it a versatile reagent in both academic research and industrial applications.