This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic acid derivative, enabling the formation of carbon-carbon bonds, which is essential in constructing complex molecules. Its application is significant in pharmaceutical research, where it aids in the development of drug candidates by facilitating the synthesis of diverse pyrimidine-based structures. Additionally, it is used in material science for creating advanced organic materials with tailored properties. Its stability and reactivity make it a valuable reagent in both academic and industrial settings.