This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key building block for creating complex biaryl structures. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in pharmaceutical research for developing drug candidates. Additionally, it is employed in material science for synthesizing advanced polymers and organic electronic materials. The pyrrolidine moiety enhances its solubility and reactivity, making it suitable for diverse chemical transformations.