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 halides, making it valuable for constructing complex molecular architectures. Additionally, it is employed in the development of bioactive molecules and fine chemicals, contributing to research in medicinal chemistry and drug discovery. Its stability and reactivity under mild conditions make it a preferred choice for synthetic applications.