This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient formation of carbon-carbon bonds, making it valuable in constructing bioactive compounds. Additionally, it finds application in materials science for the development of advanced polymers and functional materials. Its specific structure allows for fine-tuning of electronic and steric properties, enhancing its utility in catalytic processes and molecular recognition systems.