This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. It serves as a key building block for creating complex organic molecules, often in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables it to form stable bonds with various organic compounds, making it valuable in the synthesis of heterocyclic compounds. Additionally, it is utilized in material science for the development of advanced polymers and functional materials. Its specific structure allows for precise modifications in molecular design, contributing to its importance in research and industrial applications.