This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing aromatic compounds and heterocycles. Additionally, it is employed in the development of bioactive compounds and materials science research, where its structural properties contribute to the design of novel polymers and catalysts.