This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. 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 carbon-carbon bond formation, making it valuable in creating aromatic compounds and heterocycles. Additionally, it finds applications in materials science for synthesizing conjugated polymers and organic electronic materials, which are essential in the production of organic light-emitting diodes (OLEDs) and other optoelectronic devices. Its versatility in facilitating precise molecular assembly makes it a crucial component in advanced chemical research and industrial applications.