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 production of pharmaceuticals and agrochemicals, enabling the formation of carbon-carbon bonds with high efficiency and selectivity. Its boronic acid functional group makes it valuable for constructing complex molecular architectures, often seen in drug discovery and development processes. Additionally, it is employed in the synthesis of pyrimidine derivatives, which are essential in creating compounds with potential biological activity.