This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key intermediate for producing biaryl compounds. These reactions are essential in the development of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for constructing complex organic molecules. Additionally, it finds applications in the preparation of polymer materials and as a building block for synthesizing bioactive compounds in medicinal chemistry research. Its versatility and reactivity make it a crucial component in modern synthetic chemistry workflows.