This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, often in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of biaryl structures, which are common in active pharmaceutical ingredients. Additionally, it is employed in material science for creating advanced polymers and functional materials. Its specific steric and electronic properties make it suitable for applications requiring precise molecular design.