This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for the formation of 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 research and drug development. Additionally, it is utilized in the synthesis of advanced materials and fine chemicals, contributing to the production of compounds with potential applications in electronics, agrochemicals, and specialty polymers. Its stability and reactivity under mild conditions make it a preferred choice in various catalytic processes.