This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for the preparation of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the development of biologically active compounds. Additionally, it is utilized in the synthesis of heterocyclic compounds, which are often found in drugs targeting various diseases. Its role in catalytic processes and material science further highlights its versatility in research and industrial applications.