This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for creating complex organic molecules, often in the pharmaceutical industry for drug development. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for constructing carbon-carbon bonds in medicinal chemistry. Additionally, it finds application in material science for synthesizing advanced polymers and organic electronic materials. Its structural properties also make it suitable for research in catalysis and molecular recognition studies.