This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It acts as a key intermediate for constructing complex biaryl structures, which are essential in pharmaceuticals, agrochemicals, and materials science. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in the development of bioactive molecules, including potential drug candidates, due to its ability to introduce specific functional groups into organic frameworks. Its stability and reactivity make it a valuable tool in medicinal chemistry and drug discovery processes.