This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the pharmaceutical and materials science industries. Its boronic acid functional group enables the formation of carbon-carbon bonds, making it valuable for constructing complex organic molecules, such as drug intermediates and bioactive compounds. Additionally, it serves as a key reagent in the development of heterocyclic compounds, which are essential in designing new drugs and agrochemicals. Its stability and reactivity under mild conditions make it a versatile tool in modern synthetic chemistry.