This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. The boronic acid group enables efficient coupling with aryl halides, making it valuable for constructing biaryl structures. Additionally, it is employed in the synthesis of advanced materials, such as organic semiconductors and polymers, due to its ability to form stable conjugated systems. Its application extends to research and development in medicinal chemistry, where it aids in the design of drug candidates targeting various diseases.