This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate in the production of complex organic compounds, including pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the development of active pharmaceutical ingredients (APIs) and other fine chemicals. Additionally, it is employed in material science for creating advanced polymers and functional materials. Its specific structure allows for precise modifications in molecular design, contributing to its versatility in research and industrial applications.