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 for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating biologically active compounds or advanced materials. Additionally, it is employed in the development of catalysts and ligands for asymmetric synthesis, enhancing the efficiency and selectivity of chemical transformations. Its sterically hindered structure also contributes to its use in fine-tuning reaction pathways, particularly in the synthesis of heterocyclic compounds.