This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key building block for the formation of carbon-carbon bonds, enabling the creation of complex organic molecules. Its boronic acid group facilitates the coupling with aryl or vinyl halides, making it valuable in pharmaceutical research and development for synthesizing drug intermediates. Additionally, it is employed in material science for designing organic electronic materials and polymers. Its stability and reactivity make it a versatile reagent in various catalytic processes.