This chemical is primarily utilized in organic synthesis, particularly in the formation of carbon-carbon bonds through Suzuki-Miyaura cross-coupling reactions. Its boronic acid group makes it a valuable reagent for creating complex organic molecules, often used in pharmaceutical research and development. Additionally, it serves as an intermediate in the production of fine chemicals and advanced materials. Its stability and reactivity also make it suitable for use in polymer chemistry, where it can be incorporated into specialized polymers for various industrial applications.