This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating aromatic compounds with specific functional groups. Additionally, it finds use in material science for developing advanced organic materials with tailored properties. Its application extends to research and development for synthesizing novel compounds with potential biological or industrial significance.