This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing complex molecular structures. Additionally, it is employed in the development of bioactive compounds and as a building block in medicinal chemistry research. Its application extends to the synthesis of heterocyclic compounds, which are essential in drug discovery and development.