Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of pharmaceuticals and agrochemicals. Its boronic acid group enables participation in Suzuki-Miyaura cross-coupling reactions, facilitating the formation of carbon-carbon bonds. This reaction is crucial for constructing complex molecules, including drug candidates and bioactive compounds. Additionally, it is employed in the development of materials science applications, such as organic electronic materials and polymers. Its cyclobutyl group contributes to unique steric and electronic properties, making it valuable in designing molecules with specific functionalities.