This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid functional group enables efficient formation of carbon-carbon bonds, making it valuable in the development of complex organic molecules. Additionally, it is utilized in the synthesis of bioactive compounds and as a building block for drug discovery. Its stability and reactivity make it a versatile tool in medicinal chemistry and material science research.