This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key reagent for forming carbon-carbon bonds. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in the production of biaryl compounds, which are essential in pharmaceuticals and advanced materials. Additionally, it is employed in the development of bioactive molecules and drug intermediates, leveraging its unique structure to enhance selectivity and yield in complex chemical transformations. Its application extends to the synthesis of polymers and organic electronic materials, where precise molecular design is critical.