This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it serves as a key intermediate for constructing complex organic molecules. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in the production of conjugated polymers, pharmaceuticals, and advanced materials. Additionally, it is employed in the development of organic light-emitting diodes (OLEDs) due to its ability to form stable and luminescent compounds. Its application extends to research in materials science, where it contributes to the design of novel organic electronic devices.