This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex organic molecules, especially in pharmaceutical research and development. Its boronic acid group enables it to form stable bonds with various organic compounds, making it valuable for creating drug candidates and bioactive molecules. Additionally, it is utilized in material science for designing advanced polymers and functional materials. Its unique structure allows for precise modifications, contributing to its versatility in chemical synthesis and industrial applications.