This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for the formation of biaryl structures, which are essential in the development of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of complex organic molecules. Additionally, it is employed in the synthesis of heterocyclic compounds, which are widely used in drug discovery and material science. Its stability and reactivity make it a valuable tool in modern synthetic chemistry.