This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and materials science industries. Its boronate ester group enables efficient coupling with aryl or vinyl halides, making it valuable for creating carbon-carbon bonds. This compound is often employed in the development of advanced materials, including organic semiconductors and light-emitting diodes (OLEDs), due to its ability to introduce functional groups into aromatic systems. Additionally, it finds use in medicinal chemistry for synthesizing bioactive compounds and drug candidates.