This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It acts as a boronic acid reagent, enabling the formation of carbon-carbon bonds, which is essential in the construction of complex organic molecules. Its application is significant in the pharmaceutical industry for the development of drug intermediates and active pharmaceutical ingredients (APIs). Additionally, it is used in material science for the synthesis of advanced polymers and organic electronic materials. The compound’s stability and reactivity make it a valuable tool in research and industrial processes.