This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the preparation of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in constructing biaryl structures, which are common in many active pharmaceutical ingredients. Additionally, it is employed in the development of liquid crystals and organic electronic materials due to its aromatic and cyclohexyl components, which contribute to stability and specific optical properties.