This chemical is primarily used in the field of organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for the construction of complex organic molecules, especially in the pharmaceutical industry. Its boronic acid group facilitates the formation of carbon-carbon bonds, enabling the synthesis of biologically active compounds. It is also employed in the development of materials science, where it contributes to the creation of advanced polymers and functional materials. Additionally, it finds utility in the preparation of agrochemicals and fine chemicals, enhancing the efficiency of synthetic pathways.