This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate for the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules. Its boronic acid group is highly reactive with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical research and the development of fine chemicals. Additionally, it finds use in material science for creating advanced polymers and functional materials with specific electronic or optical properties. Its unique structure also allows for potential applications in designing bioactive compounds or agrochemicals.