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 the construction of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in the development of bioactive compounds and materials with potential applications in medicinal chemistry and drug discovery. Its stability and reactivity make it a valuable tool in modern synthetic chemistry.