This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key building block for creating complex organic compounds, especially in the pharmaceutical industry where it aids in the development of active pharmaceutical ingredients (APIs). Additionally, it is utilized in material science for the synthesis of advanced polymers and organic electronic materials, contributing to the production of organic light-emitting diodes (OLEDs) and other electronic devices. Its boronic acid group makes it a versatile reagent for forming carbon-carbon bonds, enabling the construction of diverse molecular structures.