This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of drugs and bioactive compounds. Its boronic acid group allows for efficient coupling with aryl halides, enabling the creation of carbon-carbon bonds in a controlled manner. Additionally, it finds applications in material science for designing advanced polymers and electronic materials. Its stability and reactivity make it a valuable tool in research and industrial processes.