This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic molecules, often used in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it finds application in material science for designing advanced polymers and functional materials. Its stability and reactivity make it a valuable reagent in research and industrial processes aimed at synthesizing biologically active compounds and fine chemicals.