This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in creating complex organic molecules. Additionally, it is employed in the development of bioactive compounds and drug candidates, especially in the synthesis of heterocyclic structures. Its stability and reactivity make it a preferred choice in medicinal chemistry research for designing and optimizing therapeutic agents.