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 with high precision. Its structure, featuring a boronic acid group, makes it highly reactive and selective in coupling with aryl halides, facilitating the synthesis of complex molecules. Additionally, it is employed in the development of advanced materials and in research for creating novel compounds with potential biological activity.