This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex molecules, especially in pharmaceutical research and development. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for synthesizing biologically active compounds, such as drug candidates. Additionally, it is utilized in the preparation of advanced materials and agrochemicals, where precise molecular structures are required. Its stability and reactivity make it a versatile reagent in various chemical transformations.