This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key reagent for forming carbon-carbon bonds. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in the production of biaryl compounds, which are essential in pharmaceuticals, agrochemicals, and materials science. Additionally, it is employed in the development of advanced organic materials, such as OLEDs and organic semiconductors, due to its ability to facilitate the creation of complex organic structures. Its stability and reactivity also make it a preferred choice in medicinal chemistry for synthesizing drug candidates and bioactive molecules.