This chemical is primarily used in organic synthesis as a key intermediate in the preparation of various pharmaceutical compounds. Its boronic acid group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in drug discovery and development. Additionally, it is utilized in the synthesis of biologically active molecules, particularly those targeting specific enzymes or receptors. Its structural features also make it suitable for research in materials science, where it can be incorporated into polymers or other advanced materials.