This chemical is widely utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of drug candidates. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating carbon-carbon bonds. Additionally, it is employed in materials science for synthesizing advanced organic materials, including polymers and ligands for catalysis. Its stability and reactivity make it a versatile tool in research and industrial applications.