This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the development of biologically active compounds. Additionally, it is employed in the synthesis of advanced materials and polymers, contributing to innovations in material science. Its unique structure also allows for applications in the design of sensors and catalysts, enhancing efficiency in various chemical processes.