This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating biologically active compounds. Additionally, it is used in the preparation of advanced materials and agrochemicals, contributing to the development of new drugs and crop protection agents. Its stability and reactivity make it a versatile tool in modern synthetic chemistry.