This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for creating complex molecules, especially in pharmaceutical research and development. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing biologically active compounds. Additionally, it finds application in material science for designing advanced polymers and organic electronic materials. Its versatility and reactivity make it a crucial component in the synthesis of various target molecules.