This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of pharmaceuticals and agrochemicals, enabling the formation of carbon-carbon bonds. Its boronic acid group allows for efficient coupling with aryl or vinyl halides, making it valuable in the development of complex molecules. Additionally, it is employed in the synthesis of bioactive compounds and materials with potential applications in medicinal chemistry and drug discovery. Its stability and reactivity make it a versatile reagent in various industrial and research settings.