This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the creation of complex biphenyl structures. These structures are essential in the development of pharmaceuticals, agrochemicals, and organic materials. Its boronic acid group allows for efficient and selective coupling with aryl halides, making it valuable in the synthesis of active pharmaceutical ingredients (APIs) and intermediates. Additionally, it finds applications in the production of liquid crystals and polymers, where precise molecular architecture is crucial. Its stability and reactivity make it a versatile tool in modern synthetic chemistry.