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