This chemical 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 construction of complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating biologically active compounds. Additionally, it is employed in the development of advanced materials and catalysts, contributing to innovations in polymer chemistry and material science. Its specific structure allows for selective modifications, enhancing its role in targeted drug design and functional material synthesis.