This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables it to form carbon-carbon bonds efficiently, making it valuable in the production of pharmaceuticals and complex organic molecules. It is often employed in the development of drug candidates, especially those targeting specific biological pathways or receptors. Additionally, its unique spirocyclic structure can contribute to enhanced stability and selectivity in synthetic processes. Researchers also utilize it in material science for creating advanced polymers or organic electronic materials.