This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, facilitating the construction of complex biaryl structures. Additionally, it is employed in the development of sensors and ligands for catalysis, owing to its ability to form stable complexes with various metals. Its applications also extend to research in medicinal chemistry, where it is utilized to create novel compounds with potential therapeutic properties.