This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds between aryl or vinyl groups. This makes it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Its structure, featuring a boronic acid group, allows for efficient coupling with halogenated aromatic compounds, facilitating the synthesis of complex organic molecules. Additionally, it is employed in the development of sensors and bioconjugation techniques due to its ability to interact with diols and other functional groups. Its stability and reactivity make it a versatile tool in medicinal chemistry and material science research.