This compound is primarily utilized 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 the formation of carbon-carbon bonds, making it valuable for constructing aromatic and heteroaromatic structures. Additionally, it is employed in the development of advanced materials and ligands for catalysis, contributing to the synthesis of novel compounds with potential applications in medicinal chemistry and material science.