This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key building block for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables efficient formation of carbon-carbon bonds, making it valuable in the development of drugs, catalysts, and functional materials. Additionally, it is used in the synthesis of heterocyclic compounds, which are essential in designing bioactive molecules and advanced materials.