This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronic acid group enables it to act as a key building block for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. The presence of the aminomethyl group further enhances its reactivity, making it suitable for creating bioactive compounds or functionalized materials. It is often employed in the development of drug candidates, where its structure allows for precise modifications to achieve desired biological activity. Additionally, it can be used in the synthesis of advanced materials, such as polymers or catalysts, due to its ability to form stable covalent bonds with other organic molecules.