This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating biaryl compounds. These compounds are often explored for their potential therapeutic properties, such as in drug candidates targeting various diseases. Additionally, it is utilized in material science for designing advanced organic materials with specific electronic or optical properties. Its stability and reactivity make it a versatile tool in synthetic chemistry.