This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for developing drugs, bioactive compounds, and advanced materials. Additionally, it finds application in the synthesis of aromatic compounds and polymers, contributing to innovations in material science and chemical research.