This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key building block for the creation of complex molecules, often in pharmaceutical research and development. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing diverse chemical structures. Additionally, it is employed in the synthesis of agrochemicals and advanced materials, where its specific functional groups contribute to the desired properties of the final product.