This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic molecules, especially in the pharmaceutical industry, where it aids in the development of drug candidates. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in constructing biologically active compounds. Additionally, it finds applications in material science for the synthesis of advanced polymers and organic electronic materials. Its unique structure allows for precise modifications, enhancing the performance of the final products in various industrial and research applications.