This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key building block for creating complex organic molecules, especially in the development of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for constructing carbon-carbon bonds. Additionally, it is utilized in the production of organic light-emitting diodes (OLEDs) and other optoelectronic materials due to its ability to form stable and highly conjugated structures. Its applications also extend to polymer chemistry, where it contributes to the synthesis of specialized polymers with tailored properties.