This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research. Its boronic acid group enables it to form carbon-carbon bonds efficiently, making it valuable in the development of drugs and bioactive compounds. Additionally, it is utilized in the synthesis of fluorescent probes and materials for optical applications due to its quinoline core, which can impart unique photophysical properties.