This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for the formation of carbon-carbon bonds, enabling the construction of complex organic molecules. Its boronic acid group is highly reactive with aryl halides, making it valuable in pharmaceutical and agrochemical research for developing new drugs and active ingredients. Additionally, it is employed in material science for the synthesis of advanced polymers and functional materials. Its stability and reactivity make it a versatile reagent in various industrial and academic applications.