This compound is primarily utilized in organic synthesis and medicinal chemistry due to its boronic acid functional group, which is highly effective in Suzuki-Miyaura cross-coupling reactions. These reactions are pivotal for forming carbon-carbon bonds, enabling the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. The presence of the bromobenzyl group enhances its reactivity and selectivity in these coupling processes. Additionally, it is employed in the development of bioactive molecules and drug candidates, particularly in targeting enzymes or receptors where boronic acids can act as inhibitors. Its structural features also make it a valuable intermediate in the creation of advanced materials and sensors, leveraging its ability to interact with diols and other functional groups.