This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it serves as a key intermediate in the synthesis of complex organic molecules, including bioactive compounds and polymers. Its stability and reactivity also make it suitable for use in research and development of new chemical entities.