This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, often in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in the synthesis of pyridine derivatives, which are valuable in drug discovery and material science. Its stability and reactivity make it a versatile reagent in medicinal chemistry for designing biologically active compounds.