This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry. Its boronic acid group allows it to form carbon-carbon bonds efficiently, making it valuable in the development of drugs and bioactive compounds. Additionally, it is utilized in the synthesis of heterocyclic compounds, which are important in medicinal chemistry for creating compounds with therapeutic potential. Its stability and reactivity make it a preferred choice for researchers working on advanced organic transformations.