This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for the construction of complex organic molecules, often in the development of pharmaceuticals and agrochemicals. The boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating biologically active compounds. Additionally, it is employed in material science for the synthesis of polymers and advanced materials with specific electronic or structural properties. Its stability and reactivity make it a versatile reagent in both academic research and industrial applications.