This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic molecules, especially in the pharmaceutical and materials science industries. The boronic acid group facilitates the formation of carbon-carbon bonds, enabling the synthesis of biaryl compounds, which are crucial in drug development and the creation of advanced materials like organic semiconductors. Its cyclobutyl group can impart unique steric and electronic properties to the final product, making it valuable in designing molecules with specific functionalities. Additionally, it may be employed in the development of novel polymers or ligands for catalysis.