Used primarily in organic synthesis, this compound serves as a key intermediate in cross-coupling reactions, such as Suzuki-Miyaura coupling, to form carbon-carbon bonds. Its boronic acid group enables efficient coupling with aryl or vinyl halides, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. It is also employed in the development of bioactive molecules and complex organic compounds, particularly in medicinal chemistry for drug discovery. Its stability and reactivity make it a versatile reagent in constructing diverse molecular architectures.