This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient formation of carbon-carbon bonds, making it valuable in the development of biologically active compounds. Additionally, it is employed in the synthesis of heterocyclic compounds, which are often used in drug discovery and material science. Its application extends to the preparation of ligands for catalysis and the construction of molecular frameworks in medicinal chemistry.