This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a versatile building block for creating complex molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in constructing biaryl structures. Additionally, it finds applications in material science for designing advanced organic materials with specific electronic or optical properties. Its unique structure also makes it useful in medicinal chemistry for synthesizing potential drug candidates targeting various diseases.