This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating biologically active compounds, such as drug candidates targeting various diseases. Additionally, it is utilized in materials science for developing organic electronic materials and polymers. Its versatility in coupling reactions makes it a crucial component in research and industrial applications.