This chemical is primarily utilized in organic synthesis and medicinal chemistry due to its boronic acid functional group, which is highly effective in Suzuki-Miyaura cross-coupling reactions. These reactions are pivotal in constructing complex organic molecules, particularly in the development of pharmaceuticals and advanced materials. Additionally, its structure allows for potential applications in the design of enzyme inhibitors and receptor ligands, making it valuable in drug discovery. The compound is also explored in bioconjugation techniques, where it can be used to modify proteins or peptides for targeted therapeutic applications or diagnostic purposes. Its unique properties make it a versatile tool in both academic research and industrial applications.