This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating carbon-carbon bonds in the development of drugs, polymers, and advanced materials. Additionally, it is used in the synthesis of heterocyclic compounds, which are essential in medicinal chemistry for designing bioactive molecules. Its versatility and reactivity make it a crucial component in modern synthetic chemistry applications.