This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura reactions. 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 utilized in the development of ligands for catalysis and in the synthesis of heterocyclic compounds, which are essential in drug discovery and material science. Its stability and reactivity make it a versatile tool in modern synthetic chemistry.