This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical and agrochemical industries. Its boron group allows for efficient coupling with aryl or vinyl halides, enabling the creation of diverse compounds. Additionally, it is employed in the development of biologically active compounds, including potential drug candidates, due to its ability to introduce functional groups into aromatic systems. Its applications also extend to material science, where it is used in the synthesis of advanced organic materials.