This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key building block for creating complex molecules, especially in pharmaceutical research and development. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing diverse chemical structures. Additionally, it is employed in the synthesis of bioactive compounds and materials with potential applications in drug discovery and medicinal chemistry. Its unique structure allows for precise modifications, aiding in the development of targeted therapies and advanced materials.