This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the preparation of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient bonding with various organic substrates, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in the development of bioactive compounds and materials science research, where its structural properties are leveraged to design novel molecules with specific functionalities.