This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key building block for creating complex molecules by enabling the formation of carbon-carbon bonds. Its boronic acid group is highly reactive with aryl or vinyl halides, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of bioactive compounds and in medicinal chemistry research for designing drug candidates. Its stability and versatility make it a preferred reagent in various catalytic processes.