This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of drugs, such as kinase inhibitors, and in the synthesis of biologically active compounds. Additionally, it is utilized in material science for creating advanced polymers and organic electronic materials. Its stability and reactivity make it a versatile tool in research and industrial applications.