This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for the formation of carbon-carbon bonds, enabling the construction of complex organic molecules. Its application is significant in the pharmaceutical industry, where it is utilized in the development of drug candidates and active pharmaceutical ingredients (APIs). Additionally, it finds use in material science for the synthesis of advanced materials, including polymers and liquid crystals. Its boronic acid group makes it a versatile reagent for creating tailored molecular structures in research and industrial settings.