This compound is widely used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key building block for creating complex molecules in pharmaceutical research, enabling the formation of carbon-carbon bonds. Its boronic acid group makes it highly reactive and versatile for constructing heterocyclic compounds, which are essential in drug development. Additionally, it is employed in the synthesis of agrochemicals and materials science, where precise molecular structures are required. Its stability and reactivity make it a valuable reagent in medicinal chemistry for designing biologically active compounds.