This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a boronic acid derivative to facilitate the formation of carbon-carbon bonds. Its structure, featuring a boronic acid group and a hydroxyiminomethyl moiety, makes it valuable in constructing complex organic molecules, especially in pharmaceutical and material science research. Additionally, it can serve as a building block in the development of sensors or probes due to its ability to interact with specific analytes or biomolecules. Its applications extend to medicinal chemistry, where it may be used in the synthesis of drug candidates or biologically active compounds.