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 preparation of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in the development of biologically active compounds, where its structural framework can be incorporated into drug candidates targeting specific receptors or enzymes. Its stability and reactivity make it a valuable tool in medicinal chemistry research and industrial applications.