This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate in the preparation of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group allows for efficient coupling with aryl halides, enabling the formation of carbon-carbon bonds. This makes it valuable in the development of drugs, where precise molecular structures are crucial. Additionally, it finds applications in the synthesis of liquid crystals and organic electronic materials, contributing to advancements in display technologies and semiconductor devices.