This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables it to act as a key reagent in forming carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, it serves as a building block in the development of biologically active compounds, contributing to drug discovery and medicinal chemistry research. Its stability and reactivity make it a preferred choice for constructing heterocyclic frameworks, which are often found in active pharmaceutical ingredients.