This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid functional group makes it a valuable building block for creating complex molecules, especially in pharmaceutical research and development. It is often employed to introduce pyrimidine derivatives into target molecules, which are crucial in designing drugs with specific biological activities. Additionally, it finds use in material science for synthesizing advanced organic materials with tailored properties. Its stability and reactivity make it a preferred choice for constructing heterocyclic compounds in various industrial and academic applications.