This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in pharmaceutical research and development. The compound’s boronate ester group makes it valuable for introducing aryl or heteroaryl groups into target molecules, enabling the creation of biologically active compounds. It is also utilized in the development of materials science applications, such as organic electronics and advanced polymers, due to its ability to form stable carbon-carbon bonds. Additionally, it plays a role in the synthesis of agrochemicals and fine chemicals, contributing to the production of pesticides, herbicides, and other specialized chemical products.