This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of biologically active compounds. Its boronic acid group enables efficient coupling with aryl or vinyl halides, making it valuable for creating carbon-carbon bonds. Additionally, it is employed in the synthesis of heterocyclic compounds, which are often used in drug discovery and material science. Its stability and reactivity make it a versatile tool in medicinal chemistry and research.