This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. Its boronic acid group facilitates the coupling with aryl or vinyl halides, making it valuable in pharmaceutical research for developing drug candidates. Additionally, it is used in material science for creating advanced polymers and organic electronic materials. Its ability to act as a versatile intermediate allows for the design of targeted compounds with specific functional properties.