This chemical is primarily used in organic synthesis as a versatile intermediate, particularly in Suzuki-Miyaura cross-coupling reactions. It facilitates the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronate ester structure enhances stability and reactivity, enabling efficient coupling with aryl halides. Additionally, it is employed in the development of organic light-emitting diodes (OLEDs) and other electronic materials due to its ability to create complex aromatic structures. Its application in medicinal chemistry includes the synthesis of bioactive compounds and drug candidates.