This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in constructing complex organic molecules. It is often employed in pharmaceutical research and development to create intermediates for drug candidates. Additionally, it finds application in material science for designing advanced polymers and functional materials. Its specific structure allows for precise modifications in target molecules, enhancing selectivity and efficiency in synthetic processes.