This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables it to act as a key intermediate in forming carbon-carbon bonds, making it valuable in the production of complex organic molecules. It is often employed in pharmaceutical research for the development of drug candidates, especially in the synthesis of pyrimidine derivatives, which are known for their biological activity. Additionally, it may be used in material science for the creation of advanced polymers or functionalized materials. Its specific structure allows for precise modifications, contributing to its versatility in various chemical applications.