This compound is primarily used 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 utilized in the development of active pharmaceutical ingredients (APIs) and in research for designing novel compounds with potential therapeutic applications.