This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key reagent for forming carbon-carbon bonds, enabling the creation of complex organic molecules. Its boronic acid group is highly reactive, making it valuable in pharmaceutical research for developing drug intermediates. Additionally, it finds applications in material science for designing advanced polymers and electronic materials. Its stability and reactivity make it a versatile tool in catalytic processes and functional material development.