This chemical is primarily 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 active pharmaceutical ingredients (APIs). Its boronic acid group enables efficient coupling with aryl or vinyl halides, making it valuable for creating carbon-carbon bonds. Additionally, it is utilized in the synthesis of agrochemicals and advanced materials, contributing to the production of compounds with specific biological or physical properties. Its role in catalysis and material science further highlights its versatility in research and industrial applications.