This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex bipyridine derivatives, which are valuable in materials science and pharmaceutical research. Its boronic acid group enables efficient coupling with aryl or vinyl halides, facilitating the creation of carbon-carbon bonds. This makes it useful in the development of organic electronic materials, such as light-emitting diodes (LEDs) and photovoltaic devices. Additionally, it finds application in the synthesis of ligands for catalysis and in the preparation of bioactive molecules for drug discovery.