This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It acts as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the development of active pharmaceutical ingredients (APIs). Additionally, it finds application in material science for the synthesis of advanced organic materials, including polymers and liquid crystals. Its stability and reactivity make it a versatile reagent in research and industrial processes.