This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of complex organic compounds, including pharmaceuticals and agrochemicals. Its boronic acid group allows for efficient coupling with aryl halides, enabling the formation of carbon-carbon bonds. This makes it valuable in the development of drug candidates, where precise molecular structures are critical. Additionally, it may be employed in material science for the synthesis of advanced polymers or organic electronic materials. Its versatility and reactivity make it a useful tool in research and industrial applications.