This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key building block for creating complex molecules, especially in pharmaceutical research. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for constructing biaryl structures. It is also utilized in the development of materials science, particularly in the synthesis of organic electronic materials. Additionally, it finds applications in agrochemical research for designing novel compounds with potential pesticidal or herbicidal properties.