This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, facilitating the construction of complex molecules. In medicinal chemistry, it is employed to develop potential drug candidates, especially those targeting neurological and metabolic disorders. Additionally, it finds application in material science for creating organic electronic components and polymers with tailored properties. Its stability and reactivity make it a valuable tool in research and industrial processes.