This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the creation of complex organic molecules. Its boronic acid group facilitates the coupling with aryl halides, making it valuable in pharmaceutical research for developing drug intermediates. Additionally, it is utilized in material science for synthesizing advanced polymers and organic electronic materials. Its stability and reactivity make it a preferred choice in catalytic processes and functional material design.