This chemical is primarily used in organic synthesis as a building block for creating more complex molecules. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it acts as a boronic acid partner to form carbon-carbon bonds. This reaction is widely employed in the pharmaceutical industry to synthesize drug candidates and active pharmaceutical ingredients (APIs). Additionally, it finds applications in material science for the development of organic electronic materials, such as polymers and small molecules used in OLEDs and other optoelectronic devices. Its sterically hindered structure, due to the tert-butyl groups, can influence the selectivity and efficiency of certain chemical reactions, making it a useful reagent in asymmetric synthesis and catalysis.