This chemical is widely used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate in the preparation of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient formation of carbon-carbon bonds, making it valuable in the development of biologically active compounds. Additionally, it is utilized in materials science for the synthesis of advanced polymers and organic electronic materials. Its cyclopentyl group contributes to enhancing the steric and electronic properties of the final products, making it a versatile building block in various research and industrial applications.