This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. These reactions are essential for forming carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. It serves as a boronic acid reagent, enabling the introduction of the pyrimidine moiety into complex molecules. Its stability and reactivity make it a preferred choice for constructing heterocyclic compounds, which are often key components in drug discovery and development. Additionally, it is utilized in the synthesis of biologically active molecules, contributing to research in medicinal chemistry and material science.