This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in the production of biaryl compounds. Additionally, it is utilized in the development of materials for electronic devices and sensors due to its ability to form stable bonds with various organic substrates. Its applications also extend to research in medicinal chemistry, where it aids in the synthesis of potential drug candidates.