This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid functional group enables it to act as a key reagent in forming carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, it serves as a building block in the development of bioactive compounds, where its structural features can contribute to the modulation of biological activity. Its application extends to material science, where it is used in the design of advanced materials with specific electronic or optical properties.