This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for constructing complex organic molecules, often in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the synthesis of biologically active compounds, such as drug candidates targeting various diseases. Additionally, it can be used in material science for the preparation of advanced polymers or organic electronic materials, where precise molecular structures are crucial for desired properties.