This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. Its boronic acid functional group allows it to react with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of organic electronic materials and as an intermediate in the synthesis of biologically active compounds.