This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic molecules, often in the pharmaceutical and agrochemical industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the development of drugs, polymers, and advanced materials. Additionally, it can be utilized in the synthesis of intermediates for active pharmaceutical ingredients (APIs) and in the preparation of ligands for catalysis. The presence of anhydride may influence its reactivity, making it suitable for specific tailored applications in chemical research and industrial processes.