This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key building block for creating complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl or vinyl halides, making it valuable in the development of new drugs and functional materials. Additionally, it finds applications in the synthesis of conjugated polymers and organic electronic materials, contributing to advancements in optoelectronics and sensors.