This chemical is primarily utilized in organic synthesis, particularly in the formation of carbon-carbon bonds through Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of pharmaceuticals, enabling the creation of complex molecules with high precision. Additionally, it is employed in the development of bioactive compounds and materials science, where its boronic acid moiety facilitates interactions with diols and other functional groups, making it valuable in sensor technology and drug delivery systems. Its structural properties also make it suitable for use in the synthesis of inhibitors and receptor-targeting agents in medicinal chemistry.