This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of various pharmaceuticals, enabling the formation of carbon-carbon bonds essential for drug development. Its boronic acid group facilitates efficient coupling with aryl halides, making it valuable in the synthesis of complex organic molecules. Additionally, it is employed in the research and development of bioactive compounds, contributing to the creation of potential therapeutic agents targeting diseases such as cancer and neurological disorders. Its stability and reactivity make it a preferred choice in medicinal chemistry for designing and optimizing drug candidates.