This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions, where it serves as a key building block for the formation of carbon-carbon bonds. Its boronic acid functional group enables it to participate in Suzuki-Miyaura reactions, which are widely employed in the pharmaceutical industry for the synthesis of complex molecules, including drug candidates. Additionally, it finds application in the development of materials science, where it is used to create polymers and other advanced materials with tailored properties. Its stability and reactivity make it a valuable reagent in medicinal chemistry for the design and optimization of bioactive compounds.