This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. It is often employed in the development of active pharmaceutical ingredients (APIs) and intermediates for drug discovery. Additionally, it finds application in material science for the creation of advanced polymers and functional materials. Its specific structure allows for precise modifications in molecular design, enhancing its versatility in various chemical processes.