This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it acts as a boronic acid reagent. Its structure, featuring a boronic acid group, enables it to form stable covalent bonds with various organic molecules, making it valuable in the construction of complex chemical structures. It is often employed in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its bromophenyl group enhances its reactivity in certain catalytic processes, allowing for precise modifications in target molecules. This chemical is also explored in medicinal chemistry for designing potential drug candidates, especially in targeting specific enzymes or receptors.