This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in pharmaceutical research and development. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the production of various bioactive compounds, including potential drug candidates. Additionally, it is employed in materials science for designing advanced polymers and functional materials. Its stability and reactivity make it a versatile tool in catalysis and the development of novel chemical entities.