This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group facilitates the formation of carbon-carbon bonds, enabling the synthesis of biaryl compounds, which are essential in drug development. Additionally, it is employed in the preparation of advanced materials, such as organic semiconductors and polymers, due to its ability to act as a building block in polymerization processes. Its stability and reactivity make it a valuable reagent in medicinal chemistry for designing and optimizing bioactive compounds.