This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid functional group enables it to act as a key intermediate in the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. It is often employed in the development of complex molecules due to its ability to facilitate precise and efficient coupling processes. Additionally, it finds use in the synthesis of heterocyclic compounds, which are critical in drug discovery and medicinal chemistry. Its stability and reactivity make it a preferred choice for researchers working on innovative chemical transformations.