This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of biologically active compounds, such as drugs targeting specific enzymes or receptors. Additionally, it may be employed in material science for the creation of advanced polymers or organic electronic materials, where precise molecular architecture is crucial.