This chemical is widely used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical and agrochemical industries. Its boronic acid group allows for efficient coupling with aryl halides, enabling the creation of biaryl structures. These structures are essential in developing active pharmaceutical ingredients (APIs) and fine chemicals. Additionally, it is utilized in material science for designing organic electronic materials and polymers. Its stability and reactivity make it a valuable tool in research and industrial applications for producing high-value compounds.