This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic ester reagent, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its application is significant in pharmaceutical research, where it aids in the development of drug candidates by facilitating the construction of aromatic and heteroaromatic structures. Additionally, it is employed in material science for the creation of advanced polymers and organic electronic materials, contributing to the development of innovative technologies.