This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in constructing biaryl structures. Additionally, it is employed in the development of biologically active compounds, where its specific structure can enhance binding affinity or modulate activity. The compound is also explored in materials science for creating advanced polymers or functionalized surfaces. Its versatility in chemical transformations makes it a useful tool in both research and industrial applications.