This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for producing biologically active compounds, such as drug candidates or crop protection agents. Additionally, it may be used in material science for developing advanced polymers or functional materials. Its specific structure allows for targeted modifications, enhancing its role in creating specialized chemical entities.