This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, often in the development of pharmaceuticals and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in the synthesis of bioactive compounds and polymers, where precise molecular architecture is crucial. The compound’s unique structure also makes it suitable for use in sensors and diagnostic tools, particularly in detecting specific analytes or biomolecules.