This chemical is primarily used as a building block in organic synthesis, particularly in the pharmaceutical industry. It serves as a key intermediate in the development of various drugs, especially those targeting complex diseases. Its boronic acid group enables it to participate in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. This makes it valuable in creating diverse molecular structures for drug discovery and development. Additionally, it is utilized in the synthesis of agrochemicals and advanced materials, contributing to innovations in crop protection and functional materials. Its stability and reactivity make it a versatile tool in modern chemical research and industrial applications.