This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid functional group makes it a valuable reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. It is often employed in the pharmaceutical industry for the development of drug candidates, where precise molecular structures are crucial. Additionally, it finds use in material science for the synthesis of advanced materials with specific electronic or optical properties. Its stability and reactivity make it a versatile tool in various research and industrial applications.