This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex molecules, especially in the pharmaceutical industry, where it helps in the development of drugs and bioactive compounds. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for constructing carbon-carbon bonds. Additionally, it finds applications in material science for designing advanced polymers and functional materials. Its stability and reactivity make it a versatile reagent in various research and industrial processes.