This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. 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 constructing biologically active compounds. Additionally, it is employed in material science for the development of advanced polymers and electronic materials. Its specific structure allows for precise modifications in molecular design, enhancing the efficiency and selectivity of synthetic processes.