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, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl or vinyl halides, facilitating the construction of complex molecular structures. This chemical is also employed in the development of biologically active compounds, including potential drug candidates, due to its ability to introduce specific functional groups into target molecules. Additionally, it finds use in material science for creating organic electronic components and polymers with tailored properties.