This chemical is widely used 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 the pharmaceutical industry, where it aids in the development of drug candidates. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating carbon-carbon bonds. Additionally, it is utilized in materials science for synthesizing organic electronic materials and polymers. Its versatility and reactivity make it a crucial component in advanced chemical research and industrial applications.