This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of pharmaceuticals, enabling the formation of carbon-carbon bonds with high precision. Its boronic acid functional group allows for efficient coupling with aryl halides, making it valuable in the development of complex molecules, including drug candidates and bioactive compounds. Additionally, it finds application in material science for the synthesis of organic electronic materials and polymers. Its stability and reactivity make it a versatile reagent in both academic research and industrial processes.