This chemical is primarily used as a key intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It is often employed in Suzuki-Miyaura cross-coupling reactions, a widely utilized method for forming carbon-carbon bonds. This makes it valuable in the development of complex organic molecules, including drug candidates and biologically active compounds. Its boronic acid group facilitates efficient coupling with various aryl halides, enabling the creation of diverse chemical structures. Additionally, it may find applications in materials science for the synthesis of advanced polymers or functional materials.