This compound is primarily utilized in organic synthesis and pharmaceutical research due to its role as a boronic acid derivative. It is often employed in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds, which is crucial in the development of complex organic molecules, including drugs and fine chemicals. Its structure, featuring a boronic acid group and a substituted phenyl ring, makes it a valuable intermediate in the synthesis of biologically active compounds. Additionally, it may be explored in the design of enzyme inhibitors or receptor-targeting molecules, leveraging its potential to interact with specific biological targets. Its applications also extend to materials science, where it can be used in the development of sensors or functionalized materials due to its reactivity and binding properties.