This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing complex molecular structures. Additionally, it is used in the development of sensors and catalysts due to its ability to interact with various organic and inorganic compounds. The presence of anhydride can influence its reactivity, allowing for tailored applications in specific chemical processes.