Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its boronic acid group enables it to participate in Suzuki-Miyaura cross-coupling reactions, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of complex organic molecules, including potential drug candidates. Additionally, it is utilized in material science for the creation of organic semiconductors and conductive polymers, which are essential in electronic devices and sensors. Its stability and reactivity under mild conditions make it a versatile reagent in research and industrial applications.