Used primarily in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate for creating complex organic molecules. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is utilized in the development of organic light-emitting diodes (OLEDs) due to its electron-donating properties, enhancing the efficiency and performance of these devices. Its role in catalysis and material science further underscores its importance in research and industrial applications.