This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient formation of carbon-carbon bonds, making it valuable in producing active pharmaceutical ingredients (APIs). Additionally, it is utilized in material science for developing organic electronic materials and catalysts. Its unique structure allows for precise modifications in drug discovery and development processes.