Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of complex molecules, particularly in the pharmaceutical industry. It is often employed in Suzuki-Miyaura cross-coupling reactions, which are pivotal for forming carbon-carbon bonds in the development of drugs and bioactive compounds. Its boronic acid group enables efficient coupling with various aryl halides, making it valuable for constructing diverse chemical structures. Additionally, it finds application in material science for creating advanced polymers and electronic materials. Its unique structure allows for precise modifications, enhancing the performance of end products in specific applications.