This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key intermediate for constructing complex molecules. 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 development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the synthesis of bioactive compounds and fine chemicals, contributing to research in drug discovery and material science. Its stability and reactivity under mild conditions make it a preferred choice in various catalytic processes.