This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions. It serves as a valuable boronic acid derivative, enabling the formation of carbon-carbon bonds in the construction of complex molecules. Its application is significant in pharmaceutical research, where it aids in the development of drug candidates by facilitating the introduction of pyrimidine structures, which are common in bioactive compounds. Additionally, it is employed in material science for the design of advanced organic materials with specific electronic or structural properties. Its stability and reactivity make it a versatile reagent in various catalytic processes.