This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical industry, where it aids in the development of drug candidates. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of biaryl structures, which are common in many active pharmaceutical ingredients. Additionally, it is employed in material science for the synthesis of conjugated polymers and organic electronic materials, contributing to advancements in optoelectronic devices. Its stability and reactivity make it a valuable tool in research and industrial applications.