This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the creation of complex organic molecules. Its boronic acid group is essential for coupling with aryl or vinyl halides, making it valuable in pharmaceutical and materials science research. Additionally, it is utilized in the development of advanced polymers and functional materials due to its ability to introduce specific aromatic structures. Its stability and reactivity make it a preferred choice in catalytic processes and fine chemical production.