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 the creation of complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing biologically active compounds. Additionally, it is employed in material science for the development of advanced materials, including polymers and electronic components. Its specific structure allows for precise modifications, enhancing its utility in targeted applications.