This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for creating complex organic molecules, especially in pharmaceutical research and development. Its boronic acid group allows it to form stable covalent bonds with other organic compounds, making it valuable in the synthesis of drugs, agrochemicals, and advanced materials. Additionally, it is utilized in the development of sensors and probes due to its ability to interact selectively with specific biological or chemical targets. Its application extends to material science, where it aids in the design of polymers and coatings with tailored properties.