This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. Its boronate ester group enables efficient coupling with aryl or vinyl halides, making it valuable for creating carbon-carbon bonds. This compound is often employed in the synthesis of biologically active compounds, including potential drug candidates, due to its stability and reactivity under mild conditions. Additionally, it finds use in material science for designing organic electronic materials and polymers. Its versatility in various synthetic pathways highlights its importance in advancing chemical and medicinal research.