This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. Its boronic acid group is highly reactive with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical and materials science research. Additionally, it is used in the development of advanced materials, such as organic semiconductors and polymers, due to its ability to introduce specific functional groups into molecular frameworks. Its stability and reactivity also make it a useful intermediate in the synthesis of biologically active compounds.