This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. It serves as a key intermediate in the production of pharmaceuticals and agrochemicals, enabling the formation of carbon-carbon bonds. Its boronic acid group facilitates the attachment of various aromatic or heteroaromatic structures, making it valuable in creating complex molecules. Additionally, it finds applications in material science for developing advanced organic materials with specific electronic or structural properties. Its unique structure allows for precise modifications in target molecules, enhancing their functionality or efficacy.