Used extensively in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate for creating complex biaryl structures. Its boronic acid group enables efficient coupling with aryl halides, facilitating the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of sensors and probes for detecting biological molecules due to its ability to form stable complexes with diols and other functional groups. Its bromo-substituted aromatic ring further enhances its utility in designing targeted drug molecules and functional materials.