This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key intermediate for constructing complex organic molecules. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of bioactive compounds and in research focused on creating novel drug candidates. Its stability and reactivity under mild conditions make it a preferred choice for chemists working on targeted molecular architectures.