This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry. The boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating biologically active compounds. It is also utilized in the development of materials for organic electronics, where precise molecular architecture is crucial. Additionally, it finds applications in the synthesis of agrochemicals and fine chemicals, contributing to the production of high-performance products.