This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for the construction of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in the development of bioactive compounds and materials science, where its structural properties contribute to the design of advanced polymers and catalysts. Its application extends to medicinal chemistry, where it aids in the synthesis of potential drug candidates targeting various diseases.