This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a boronic acid derivative to facilitate the formation of carbon-carbon bonds. Its structure, featuring a phenylboronic acid group, makes it a valuable reagent in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. The azetidinyl moiety enhances its reactivity and selectivity in various catalytic processes. Additionally, it is employed in the development of bioactive compounds and materials science, where its unique properties contribute to the creation of advanced polymers and coatings. Its application extends to medicinal chemistry, where it is used in the design of drug candidates targeting specific biological pathways.