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 in the production of pharmaceuticals and agrochemicals, enabling the formation of carbon-carbon bonds. Its tetrahydropyranyl group provides stability and selectivity in various catalytic processes. Additionally, it finds use in the development of advanced materials and as a reagent in the synthesis of complex organic molecules for research and industrial applications.