This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production 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 utilized in the development of sensors and catalysts due to its ability to form stable complexes with various organic and inorganic substrates. Its specific structure makes it valuable in designing compounds with tailored electronic and steric properties for targeted applications.