This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key building block for constructing complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. The boronic acid group enables efficient coupling with aryl halides, while the carboxylate group provides additional functionalization opportunities. It is also employed in the synthesis of conjugated polymers and materials for organic electronics, contributing to advancements in optoelectronic devices. Additionally, its structure makes it valuable in medicinal chemistry for designing bioactive compounds and drug candidates.