This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key building block for the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group facilitates efficient coupling with aryl halides, making it valuable in the development of biologically active compounds and functional materials. Additionally, it finds applications in the preparation of intermediates for drug discovery and the modification of organic compounds to enhance their properties for specific industrial uses.