This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl or vinyl halides, making it valuable for creating carbon-carbon bonds. Additionally, it is utilized in the synthesis of heterocyclic compounds, which are often explored for their biological activity in drug discovery. Its application extends to materials science, where it contributes to the development of organic electronic materials and polymers.