This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient formation of carbon-carbon bonds, making it valuable in creating biologically active compounds. Additionally, it is used in material science for designing organic electronic materials and polymers with specific properties. Its application extends to research and development, where it aids in the discovery of new chemical entities with potential therapeutic or industrial uses.