This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It acts as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical industry for developing drug candidates. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating carbon-carbon bonds. Additionally, it finds applications in material science for designing advanced polymers and organic electronic materials. Its stability and reactivity make it a versatile tool in research and industrial processes.