This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key reagent for forming carbon-carbon bonds. Its boronic acid group enables efficient coupling with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of bioactive compounds and drug candidates due to its ability to introduce specific functional groups into complex molecules. Its stability and reactivity also make it suitable for use in research and industrial applications involving fine chemical synthesis.