This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key building block for creating complex organic molecules, especially in the pharmaceutical and materials science industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for synthesizing aromatic compounds, polymers, and advanced materials. Additionally, it finds applications in the development of organic electronic devices, such as OLEDs, due to its ability to enhance charge transport properties.