Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in cross-coupling reactions like Suzuki-Miyaura reactions, which are essential in pharmaceutical and agrochemical industries. Its boronate ester group enables efficient coupling with aryl halides, facilitating the construction of carbon-carbon bonds. This compound is also valuable in material science for developing advanced polymers and organic electronic materials. Its stability and reactivity make it a versatile building block in research and industrial applications.