Used primarily in organic synthesis, this compound serves as a key intermediate in Suzuki-Miyaura cross-coupling reactions. It facilitates the formation of carbon-carbon bonds, enabling the construction of complex organic molecules. Its boronic acid group is particularly effective in coupling with aryl or vinyl halides, making it valuable in pharmaceutical research for developing drug candidates. Additionally, it is employed in material science for creating advanced polymers and electronic materials. Its stability and reactivity under mild conditions make it a preferred choice in various industrial and academic applications.