This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for the preparation of biaryl compounds, which are widely used in the development of pharmaceuticals, agrochemicals, and organic materials. Its boronic acid group enables efficient coupling with aryl halides, facilitating the construction of complex molecular structures. Additionally, it is employed in the synthesis of bioactive molecules and as a building block for functional materials, such as sensors and polymers. Its unique structure also makes it valuable in research for developing novel compounds with potential therapeutic applications.