This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of various pharmaceuticals and agrochemicals, enabling the formation of carbon-carbon bonds. Its boronic acid group is essential for coupling with aryl or vinyl halides, making it valuable in constructing complex organic molecules. Additionally, it is employed in the development of materials for organic electronics and advanced polymers, where precise molecular structures are required. Its stability and reactivity make it a versatile reagent in research and industrial applications.