This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex molecules, often in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient formation of carbon-carbon bonds, making it valuable for creating biologically active compounds. Additionally, it is employed in the synthesis of ligands for catalysis and materials science applications, where precise molecular structures are required.