This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating carbon-carbon bonds in drug discovery and material science. Additionally, it is utilized in the synthesis of conjugated polymers and organic electronic materials, contributing to advancements in optoelectronics and organic semiconductors. Its cyclobutyl group can impart unique steric and electronic properties to the final compounds, enhancing their functionality in various applications.