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 complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of drugs targeting various diseases, as well as in the creation of advanced materials with specific properties. Additionally, its structural features may contribute to its use in research focused on enzyme inhibition and receptor modulation.