Used primarily in organic synthesis, this compound serves as a key building block in the preparation of more complex molecules. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds. This makes it essential in the development of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group allows for efficient coupling with various aryl halides, enabling the creation of diverse biaryl structures. Additionally, it is employed in the synthesis of heterocyclic compounds, which are often active ingredients in drugs targeting specific biological pathways. Its unique structure also aids in the design of ligands for catalysis and molecular recognition applications.