This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for constructing biaryl structures, which are essential in the development of pharmaceuticals, agrochemicals, and organic materials. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of complex molecules. Additionally, it is employed in the production of liquid crystals and OLED materials due to its ability to form stable and well-defined organic frameworks. Its applications also extend to polymer chemistry, where it is used to modify and functionalize polymer chains for specific industrial purposes.