This chemical is widely used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating carbon-carbon bonds. This compound is also utilized in the synthesis of heterocyclic compounds, which are essential in drug discovery for their biological activity. Additionally, it finds application in material science for designing advanced organic materials and polymers. Its versatility and reactivity make it a crucial component in modern synthetic chemistry.