This chemical is primarily utilized 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, often used in the development of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient formation of carbon-carbon bonds, making it valuable for constructing aromatic systems and conjugated structures. Additionally, it finds applications in materials science, contributing to the synthesis of organic electronic components such as OLEDs and other optoelectronic devices. Its role in creating tailored molecular architectures underscores its importance in modern chemical research and industrial applications.