This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. These reactions are essential for creating carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group allows it to act as a key intermediate in constructing complex organic molecules. Additionally, it is employed in the development of bioactive compounds and in research for drug discovery, where its structural properties help in designing molecules with specific therapeutic effects.