This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for constructing complex molecules, especially in pharmaceutical research and development. The boronic acid group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable for creating novel drug candidates, agrochemicals, and advanced materials. Its application is also seen in the synthesis of heterocyclic compounds, which are often explored for their biological activity.