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 for constructing complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in materials science for the synthesis of conjugated polymers and organic semiconductors, which are essential in electronic devices like OLEDs and solar cells. Its cyclobutyl group can impart unique steric and electronic properties to the final products, enhancing their performance in specific applications.