This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. These reactions are essential for forming carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group acts as a key functional moiety, enabling efficient coupling with aryl halides in the presence of a palladium catalyst. Additionally, it may be employed in the development of liquid crystal materials due to its structural properties, which can influence mesophase behavior. Its applications also extend to research settings for studying molecular interactions and designing novel organic compounds.