This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient carbon-carbon bond formation, making it valuable in the development of drugs targeting various diseases. Additionally, it is employed in material science for the synthesis of advanced polymers and organic electronic materials. Its structural properties also make it suitable for use in biochemical research, particularly in the study of enzyme inhibitors and receptor ligands.