This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key boronic acid reagent, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its application is significant in pharmaceutical research, where it aids in the development of drug candidates by facilitating the construction of diverse molecular frameworks. Additionally, it is used in material science for the preparation of advanced organic materials with tailored properties. The compound’s stability and reactivity make it a valuable tool in various fields of chemical research and industrial applications.