This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. Its boronic acid group facilitates the coupling with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical and materials research. Additionally, it is employed in the development of biologically active compounds and advanced materials, contributing to innovations in drug discovery and polymer chemistry. Its stability and reactivity make it a versatile tool in modern synthetic chemistry.