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 or vinyl halides, facilitating the creation of carbon-carbon bonds. This makes it valuable in the development of biologically active compounds and advanced materials. Additionally, it is employed in research for designing and synthesizing novel heterocyclic compounds, contributing to drug discovery and material science advancements.