Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to create complex biaryl compounds. These compounds are valuable in pharmaceutical research for developing new drugs and in material science for designing advanced polymers. Its boronic acid group enables efficient coupling with aryl halides, making it a key reagent in constructing carbon-carbon bonds. Additionally, it may serve as an intermediate in the production of agrochemicals and fine chemicals. Its stability and reactivity make it a preferred choice in various catalytic processes.