This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key reagent for forming carbon-carbon bonds. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is used in the development of boron-based drugs and as a building block in the synthesis of complex organic molecules. Its applications extend to material science, where it contributes to the creation of organic electronic components and polymers.