This compound is widely utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical and agrochemical research. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for producing biaryl compounds. Additionally, it is employed in material science for developing organic electronic materials and polymers. Its stability and reactivity make it a versatile reagent in medicinal chemistry for designing drug candidates and bioactive molecules.