This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group makes it a valuable building block for creating complex molecules, especially in pharmaceutical research and development. It is often employed in the synthesis of biologically active compounds, including potential drug candidates targeting various diseases. Additionally, it serves as an intermediate in the production of agrochemicals and materials science applications, where its unique structure contributes to the development of novel compounds with specific properties.