This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of drugs and bioactive compounds. Its boronic acid group allows for efficient coupling with aryl halides, enabling the creation of carbon-carbon bonds. Additionally, it finds applications in material science, contributing to the synthesis of advanced polymers and organic electronic materials. Its versatility makes it valuable in research and industrial processes requiring precise molecular assembly.