This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of drugs targeting various diseases. Its boronic acid group allows for efficient coupling with aryl halides, enabling the creation of biaryl compounds. Additionally, it is utilized in material science for designing advanced polymers and organic electronic materials. Its stability and reactivity make it a valuable tool in research and industrial applications for producing high-purity compounds.