This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for creating complex biaryl structures, which are essential in the development of pharmaceuticals, agrochemicals, and organic materials. Its boronic acid group enables efficient coupling with aryl halides, facilitating the construction of carbon-carbon bonds. Additionally, it finds applications in the synthesis of bioactive molecules and functional materials, contributing to advancements in drug discovery and material science.