This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it acts as a key intermediate for constructing complex molecules. Its boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the synthesis of fluorinated aromatic compounds, which are often used in drug discovery due to their enhanced metabolic stability and bioavailability. Its applications also extend to material science, where it contributes to the creation of organic electronic components and polymers with specific properties.