This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for creating complex organic compounds, including pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in the development of drugs and bioactive molecules. Additionally, it is utilized in research for designing and synthesizing novel compounds with potential therapeutic applications. Its stability and reactivity make it a preferred choice in medicinal chemistry and material science.