This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical industry. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating bioactive compounds, drug candidates, and advanced materials. Additionally, it is used in research and development for designing and synthesizing novel molecules with potential therapeutic applications. Its stability and reactivity make it a preferred choice in medicinal chemistry and material science.