Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex organic molecules. It acts as a key intermediate in the development of pharmaceuticals, agrochemicals, and advanced materials. Its boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in constructing aromatic and heteroaromatic compounds. It is also employed in the synthesis of conjugated polymers for electronic devices, such as organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Additionally, it plays a role in the preparation of bioactive compounds for drug discovery and development.