This chemical 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 industry, where it aids in the development of drugs and bioactive compounds. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating carbon-carbon bonds in medicinal chemistry and material science. Additionally, it finds applications in the synthesis of advanced materials, such as polymers and liquid crystals, due to its ability to introduce specific functional groups into molecular structures.