This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical industry, where it aids in the development of drugs and bioactive compounds. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating carbon-carbon bonds in medicinal chemistry. Additionally, it is utilized in material science for designing advanced polymers and functional materials. Its stability and reactivity make it a preferred choice for researchers working on targeted synthesis and molecular design.