This chemical is widely used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for creating complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for constructing biaryl structures. Additionally, it finds applications in material science, where it contributes to the synthesis of conjugated polymers and organic electronic materials. Its role in producing advanced materials for optoelectronics and sensors is also noteworthy.