This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in the development of materials science, where it contributes to the creation of advanced polymers and functional materials. Its stability and reactivity make it a valuable tool in medicinal chemistry for designing and synthesizing biologically active compounds.