This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of biaryl structures commonly found in active pharmaceutical ingredients. Additionally, it is employed in the synthesis of advanced materials and agrochemicals, where its unique structure contributes to the development of novel compounds with specific properties. Its application extends to medicinal chemistry, where it aids in the design of potential drug candidates targeting various diseases.