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 the formation of carbon-carbon bonds, making it valuable for constructing complex molecular structures. Additionally, it is used in the development of biologically active compounds and in the fine-tuning of drug candidates during the research and development phase. Its applications extend to material science, where it contributes to the synthesis of organic electronic materials and polymers.