This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for producing biaryl compounds, which are essential in drug development. Additionally, it can be used in the synthesis of advanced materials and functional polymers, where precise molecular architecture is required. Its stability and reactivity make it a versatile reagent in various research and industrial applications.