This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group facilitates efficient coupling with aryl halides, making it valuable in the production of biaryl compounds. Additionally, it finds applications in material science for the development of organic electronic materials and polymers. Its structural properties also make it useful in the design of catalysts and ligands for various chemical transformations.