This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key reagent for forming carbon-carbon bonds. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of bioactive molecules and drug candidates due to its ability to introduce specific functional groups into complex structures. Its stability and reactivity also make it suitable for use in combinatorial chemistry and high-throughput screening processes.