This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, its azetidine moiety can serve as a structural component in drug design, potentially enhancing biological activity or improving pharmacokinetic properties. It is also explored in materials science for developing advanced polymers or functional materials.