This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the formation of carbon-carbon bonds, enabling the production of complex organic molecules. Its boronic acid group facilitates the coupling with aryl or vinyl halides, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of bioactive compounds and in the modification of organic frameworks for research and industrial applications.