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 complex organic compounds, including pharmaceuticals and agrochemicals. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in the development of drugs targeting various diseases. Additionally, it is employed in material science for the synthesis of advanced polymers and organic electronic materials. Its unique structure allows for precise control in chemical reactions, enhancing the efficiency of creating specialized molecules.