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 for developing active pharmaceutical ingredients (APIs). Its boronic acid group enables efficient coupling with aryl or vinyl halides, facilitating the creation of biaryl compounds. Additionally, it is employed in the synthesis of agrochemicals and materials science for designing advanced polymers and electronic materials. Its stability and reactivity make it a valuable tool in medicinal chemistry for drug discovery and development processes.