This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating drug candidates and fine chemicals. Additionally, it is utilized in material science for designing advanced polymers and organic electronic materials. Its stability and reactivity make it a versatile tool in catalytic processes and industrial applications.