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 the construction of complex molecules, enabling the formation of carbon-carbon bonds. Its boronic acid group facilitates the coupling with aryl or vinyl halides, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the synthesis of heterocyclic compounds, which are often used in drug discovery and development due to their biological activity.