This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of complex organic compounds, including pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the development of bioactive molecules and advanced materials. Additionally, it is employed in the synthesis of liquid crystals and polymers, where precise molecular structures are required. Its stability and reactivity make it a preferred choice in research and industrial applications for constructing diverse chemical architectures.