This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key building block for the creation of complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of active pharmaceutical ingredients (APIs) and other fine chemicals. Additionally, it may be used in material science for the synthesis of advanced polymers or functional materials with specific electronic or optical properties.