This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in pharmaceuticals and agrochemicals. Its boronate ester group enables efficient coupling with aryl halides, making it valuable for creating carbon-carbon bonds. Additionally, it finds applications in materials science for developing organic electronic materials and polymers. Its stability and reactivity make it a versatile tool in research and industrial processes.