This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds between aryl or vinyl groups. This makes it valuable in the production of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its application extends to the development of bioactive compounds and drug intermediates, where precise molecular construction is critical. Additionally, it may be used in the synthesis of polymers and functionalized materials, contributing to innovations in material science and nanotechnology.