This chemical is primarily utilized in the field of organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid functional group enables it to act as a key intermediate in the formation of carbon-carbon bonds, which is essential for constructing complex organic molecules. It is often employed in the development of pharmaceuticals, where it aids in the synthesis of biologically active compounds. Additionally, it finds use in material science for the creation of advanced polymers and organic electronic materials. Its structural properties make it a valuable building block in the design of ligands and catalysts for various chemical processes.