This compound is primarily used as a key intermediate in organic synthesis, particularly in the formation of carbon-carbon bonds through Suzuki-Miyaura cross-coupling reactions. Its boronic acid group enables it to react with various aryl halides, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. In drug discovery, it serves as a building block for creating complex molecules with potential therapeutic properties. Additionally, it is employed in the development of liquid crystal materials and organic electronic compounds, contributing to advancements in display technologies and electronic devices. Its specific substitution pattern enhances selectivity and reactivity in targeted synthetic processes.