This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds, which is essential in constructing complex organic molecules. Its application is significant in pharmaceutical research, where it aids in the development of drug candidates by facilitating the synthesis of diverse pyrimidine derivatives. Additionally, it is used in material science for the creation of advanced materials with tailored properties. The compound’s stability and reactivity make it a valuable tool in medicinal chemistry and industrial applications.