This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a crucial building block for constructing complex molecules, especially in pharmaceutical research and development. The boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating biologically active compounds. It is often employed in the synthesis of heterocyclic compounds, which are essential in drug discovery for their diverse pharmacological properties. Additionally, its stability and reactivity make it a preferred choice in medicinal chemistry for designing and optimizing drug candidates.