This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing biphenyl structures, which are common in drug development. Additionally, it is employed in the synthesis of liquid crystals, which are essential components in display technologies like LCDs. Its versatility in coupling reactions also makes it useful in polymer chemistry for creating specialized materials with tailored properties.