This compound is primarily utilized in organic synthesis as a versatile building block for the creation of complex molecules. It serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Its boronic acid functional group enables participation in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds in drug discovery and material science. Additionally, it finds applications in the preparation of advanced materials, such as polymers and sensors, due to its ability to interact with other functional groups and form stable structures. Its role in catalysis and as a ligand in coordination chemistry further highlights its importance in chemical research and industrial processes.