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 constructing complex molecules, especially in pharmaceutical research and development. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of biaryl compounds. This is particularly valuable in drug discovery for generating potential therapeutic agents. Additionally, it is employed in material science for designing advanced organic materials with specific electronic or structural properties. Its versatility in synthetic chemistry makes it a valuable tool for researchers aiming to develop novel compounds with tailored functionalities.