This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for the construction of complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of active pharmaceutical ingredients (APIs) and fine chemicals. Additionally, it is employed in material science for the synthesis of advanced materials, including polymers and ligands for catalysis. Its stability and reactivity make it a versatile reagent in various research and industrial applications.