This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group allows for efficient formation of carbon-carbon bonds, making it valuable in constructing complex molecular structures. Additionally, it is utilized in the development of biologically active compounds and in the synthesis of heterocyclic compounds, which are essential in drug discovery and material science.