This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient formation of carbon-carbon bonds, making it valuable in constructing complex molecular structures. Additionally, it is utilized in the development of bioactive compounds and in research focused on drug discovery and development. Its application extends to the synthesis of heterocyclic compounds, which are essential in various industrial and medicinal chemistry processes.