This chemical 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 creation of complex organic molecules. Its boronic acid group reacts with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical research for developing drug intermediates. Additionally, it is used in material science for synthesizing advanced polymers and organic electronic materials. Its specificity and reactivity make it a versatile tool in both academic and industrial chemistry laboratories.