This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. Its boronic acid group allows it to form carbon-carbon bonds with aryl or vinyl halides, making it valuable for creating biologically active compounds. It is also utilized in material science for designing organic electronic materials and polymers. Additionally, it finds applications in agrochemical research for developing new pesticides or herbicides. Its stability and reactivity make it a versatile building block in various chemical industries.