This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key building block for creating complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of drug candidates, where precise molecular structures are essential. Additionally, it is utilized in material science for synthesizing advanced polymers and organic electronic materials, contributing to innovations in fields like organic light-emitting diodes (OLEDs) and sensors.