This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds between aryl or vinyl groups. This makes it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity under mild conditions make it a preferred choice for constructing complex molecular architectures. Additionally, it is employed in the development of bioactive compounds and as an intermediate in the synthesis of heterocyclic compounds, which are essential in drug discovery and material science.