This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for producing active pharmaceutical ingredients (APIs) and other fine chemicals. Additionally, it is utilized in the development of agrochemicals, where it helps create compounds with specific biological activities. Its stability and reactivity make it a preferred choice for researchers working on advanced material synthesis and medicinal chemistry projects.