This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group allows for efficient coupling with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in the development of biologically active compounds and functional materials. Additionally, it is employed in the preparation of intermediates for drug discovery and the production of OLED materials, where precise molecular structures are critical for performance.