This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex organic molecules, especially in the development of pharmaceuticals and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in creating carbon-carbon bonds. Additionally, it finds application in the preparation of liquid crystal materials due to its cyclohexylphenyl structure, which contributes to the desired mesomorphic properties. Its role in catalysis and material science further highlights its versatility in research and industrial processes.