This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic 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, where precise molecular structures are crucial. Additionally, it is employed in material science for designing advanced polymers and organic electronic materials. Its stability and reactivity make it a versatile reagent in research and industrial applications.