This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic compounds, often in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables it to form stable bonds with various organic substrates, making it valuable in constructing carbon-carbon bonds. Additionally, it is used in material science for designing advanced polymers and functional materials. Its unique structure allows for precise modifications, enhancing the performance of end products in specific applications.