This compound is primarily used 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, agrochemicals, and advanced materials. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in constructing biaryl structures. Additionally, it is employed in the development of active pharmaceutical ingredients (APIs) and in research for creating novel compounds with potential therapeutic properties. Its stability and reactivity make it a versatile reagent in medicinal chemistry and drug discovery processes.