This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key building block for creating complex organic molecules. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. It is also employed in the development of fluorescent probes and sensors due to its ability to interact with specific biological targets. Additionally, it finds application in the preparation of liquid crystals and organic electronic materials, contributing to the advancement of display technologies and optoelectronic devices.