This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its boronic acid group allows it to form stable complexes with transition metals, facilitating the creation of carbon-carbon bonds. This property makes it valuable in the development of complex organic molecules, including potential drug candidates. Additionally, it is utilized in material science for the synthesis of advanced polymers and organic electronic materials. Its stability and reactivity under mild conditions make it a versatile reagent in research and industrial applications.