This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key intermediate for forming carbon-carbon bonds. Its boronic acid functional group enables the creation of complex organic molecules, making it valuable in pharmaceutical research and the development of active pharmaceutical ingredients (APIs). Additionally, it is employed in the synthesis of advanced materials, such as polymers and liquid crystals, due to its ability to introduce specific structural motifs. Its application extends to agrochemicals, where it contributes to the development of novel pesticides and herbicides. The compound’s stability and reactivity also make it useful in the preparation of organic electronic materials, including OLEDs and semiconductors.