This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules. Additionally, it is utilized in the development of OLEDs (organic light-emitting diodes) and other electronic materials due to its ability to modify and enhance the properties of organic semiconductors. Its applications also extend to the field of material science, where it contributes to the creation of novel polymers and coatings.