This compound is widely 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 with high efficiency. Its boronic acid group facilitates the coupling with aryl or vinyl halides, making it valuable in constructing complex molecules. Additionally, it is employed in material science for the development of organic electronic materials and polymers. Its unique structure allows for precise modifications in molecular design, enhancing the performance of the final products.