This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. Its boronic acid group facilitates the coupling with aryl or vinyl halides, making it valuable in pharmaceutical research for developing drug intermediates. Additionally, it is employed in material science for synthesizing organic electronic materials, such as polymers and small molecules used in OLEDs and other optoelectronic devices. Its stability and reactivity make it a versatile tool in various chemical processes.