This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic molecules, especially in the pharmaceutical and agrochemical industries. The boronic acid group facilitates the formation of carbon-carbon bonds, enabling the synthesis of various heterocyclic compounds, which are often found in active pharmaceutical ingredients. Additionally, it is utilized in material science for the development of organic semiconductors and conductive polymers, contributing to advancements in electronic devices and sensors. Its role in these applications highlights its importance in both industrial and research settings.