This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. Its boronic acid group enables it to form carbon-carbon bonds efficiently, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it serves as a key intermediate in the development of complex organic molecules, contributing to the synthesis of biologically active compounds and polymers. Its spirocyclic structure may also enhance stability and reactivity in specific applications.