This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronic acid group makes it a valuable intermediate for constructing complex molecules, especially in the pharmaceutical industry. It is often employed in the development of drugs and bioactive compounds, where it helps in forming carbon-carbon bonds efficiently. Additionally, it is utilized in material science for creating advanced polymers and organic electronic materials. Its stability and reactivity make it a preferred choice for researchers working on fine chemicals and specialty materials.