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 facilitates the coupling with aryl halides, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, the bromomethyl group offers further functionalization opportunities, allowing for the introduction of diverse substituents or linkages in target molecules. Its applications extend to the development of bioactive compounds and polymers, where precise molecular architecture is essential.