This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds, which is essential in the construction of complex organic molecules. Its application is significant in pharmaceutical research, where it aids in the development of drug candidates by facilitating the synthesis of pyridine derivatives. Additionally, it is used in material science for creating advanced organic materials with specific properties. Its stability and reactivity make it a valuable tool in the design and synthesis of novel compounds for various industrial and scientific applications.