This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient formation of carbon-carbon bonds, making it valuable in constructing biologically active compounds. Additionally, it is utilized in material science for developing advanced polymers and electronic materials. Its specific structure allows for precise modifications, enhancing its role in creating tailored chemical entities for various industrial applications.