This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of pharmaceuticals, enabling the formation of carbon-carbon bonds to create complex molecules. Its boronic acid group is essential for coupling with aryl halides, making it valuable in drug discovery and development. Additionally, it is employed in the synthesis of advanced materials and agrochemicals, where precise molecular structures are required. Its stability and reactivity make it a preferred choice in various research and industrial applications.