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 pharmaceuticals and agrochemicals, enabling the formation of carbon-carbon bonds. Its boronic acid group is essential for coupling with aryl halides, facilitating the creation of complex organic molecules. Additionally, it finds application in material science for the development of advanced polymers and electronic materials. Its versatility makes it valuable in research and industrial settings for designing and synthesizing novel compounds.