This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic ester group facilitates the formation of carbon-carbon bonds, enabling the synthesis of biaryl compounds, which are essential in drug development and material science. Additionally, it is employed in the preparation of advanced materials, such as organic semiconductors and polymers, due to its ability to introduce phenyl groups into molecular structures. Its stability and reactivity make it a valuable tool in medicinal chemistry for creating targeted therapeutic agents.