Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its boronic acid group makes it valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds for complex molecule construction. It is particularly useful in the development of bioactive compounds, including potential drug candidates targeting specific enzymes or receptors. Additionally, its structural features allow for applications in material science, such as the creation of advanced polymers or ligands for catalytic systems. The compound’s stability and reactivity make it a versatile tool in research and industrial chemistry.