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 for the formation of carbon-carbon bonds, enabling the construction of complex organic molecules. Its boronic acid group reacts with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of bioactive compounds and in research focused on drug discovery and development. Its stability and reactivity make it a versatile reagent in synthetic chemistry.