This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key intermediate for constructing complex molecules. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. It is often employed in the synthesis of heterocyclic compounds, which are essential in drug discovery for their biological activity. Additionally, its stability and reactivity make it a preferred choice for creating tailored organic structures in research and industrial applications.