This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a valuable building block for the construction of complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. This makes it instrumental in the development of drugs, catalysts, and advanced materials. Additionally, it is employed in the synthesis of conjugated polymers and organic electronic materials due to its ability to modify and enhance electronic properties.