This chemical 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 complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in the development of bioactive compounds and materials science research, where precise molecular construction is essential. Its stability and reactivity make it a valuable tool in medicinal chemistry for designing and synthesizing potential drug candidates.