This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. These reactions are essential for forming carbon-carbon bonds, which are fundamental in creating complex organic molecules. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group allows for efficient coupling with aryl halides, enabling the synthesis of biaryl compounds. Additionally, it is utilized in the development of sensors and catalysts due to its ability to interact with various organic and inorganic substrates. Its application extends to research and development in medicinal chemistry, where it aids in the design and synthesis of novel drug candidates.