This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of pharmaceuticals and agrochemicals, enabling the formation of carbon-carbon bonds with high efficiency. Its boronic acid group allows for selective coupling with aryl or vinyl halides, making it valuable in constructing complex molecules. Additionally, it is employed in the development of biologically active compounds, including potential drug candidates, due to its ability to introduce functionalized pyrimidine and pyrazole moieties into target structures.