This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in creating complex organic molecules. Additionally, it is utilized in the development of advanced materials and polymers, where precise molecular structures are required. Its application extends to research and development in medicinal chemistry, aiding in the discovery of new therapeutic compounds.