This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid functional group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, it serves as a key intermediate in the development of biologically active compounds, where its structure can be tailored to enhance binding affinity or modify pharmacokinetic properties. Its application extends to materials science, where it is used in the preparation of advanced polymers and functional materials.