This chemical is widely utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for the formation of carbon-carbon bonds, enabling the creation of complex organic molecules. Its application is prominent in the pharmaceutical industry, where it aids in the synthesis of active pharmaceutical ingredients (APIs) and intermediates. Additionally, it is used in materials science for the development of advanced polymers and functional materials. The boronic acid group in the compound allows for selective and efficient reactions, making it valuable in the preparation of fine chemicals and agrochemicals. Its stability and reactivity under mild conditions make it a preferred choice in various catalytic processes.