This chemical is widely utilized 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 various aryl halides, facilitating the creation of complex organic molecules. It is also employed in the development of bioactive compounds, including potential drug candidates targeting specific biological pathways. Additionally, it finds use in the synthesis of heterocyclic compounds, which are essential in medicinal chemistry and material science research.