This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in constructing complex organic molecules, such as active pharmaceutical ingredients (APIs) and biologically active compounds. Additionally, it is employed in the development of organic electronic materials and polymers, contributing to advancements in materials science. Its stability and reactivity make it a versatile tool in medicinal chemistry and industrial applications.