This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, often in the development of pharmaceuticals and agrochemicals. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in creating compounds with potential biological activity. Additionally, it is utilized in materials science for designing advanced polymers and functional materials. Its stability and reactivity make it a versatile tool in research and industrial applications.