This chemical is widely used as a key intermediate in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. It is also employed in the development of complex organic molecules for research and industrial applications, including the synthesis of heterocyclic compounds. Its hydrochloride form enhances stability and solubility, facilitating its use in various reaction conditions.