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 for the construction of complex organic molecules, often in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in creating compounds with specific biological activities. Additionally, it is used in material science for the synthesis of organic electronic materials and polymers, where precise molecular architecture is essential.