This compound is primarily utilized in organic synthesis, particularly in the formation of carbon-carbon bonds through Suzuki-Miyaura cross-coupling reactions. Its boronic acid group enables it to act as a key reagent in coupling with aryl halides, facilitating the creation of biaryl structures, which are common in pharmaceuticals, agrochemicals, and materials science.

It is also employed in the development of advanced materials, such as organic semiconductors and polymers, where precise molecular architecture is essential. Additionally, its functional groups make it a potential candidate for use in medicinal chemistry, particularly in the design of enzyme inhibitors or receptor-targeting molecules due to its ability to interact with biological systems.

In research, it serves as a building block for constructing complex molecules, aiding in the discovery of new drugs or functional materials. Its stability and reactivity make it a versatile tool in synthetic chemistry.