This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate in the production of pharmaceuticals and agrochemicals, enabling the formation of carbon-carbon bonds with high efficiency. Its boronic acid group allows for selective reactions with various aryl halides, making it valuable in constructing complex organic molecules. Additionally, it finds applications in material science, where it contributes to the development of advanced polymers and organic electronic materials. Its stability and reactivity make it a versatile tool in research and industrial processes.