This compound is primarily utilized in the field of organic synthesis, particularly in cross-coupling reactions. It serves as a key intermediate in the preparation of various pharmaceuticals and biologically active molecules. The boronic acid group facilitates Suzuki-Miyaura coupling, a widely used method for forming carbon-carbon bonds, enabling the synthesis of complex organic compounds. Its application is significant in the development of drugs targeting specific diseases, including cancer and infectious diseases, due to its ability to introduce functional groups into aromatic systems. Additionally, it is employed in the creation of advanced materials and sensors, where precise molecular architecture is required.