This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. The boronate ester group in the structure makes it a valuable reagent for forming carbon-carbon bonds, enabling the construction of quinazoline derivatives. These derivatives are often explored for their potential biological activities, including anticancer, antiviral, and anti-inflammatory properties. Additionally, it is utilized in materials science for the development of organic electronic materials and polymers. Its stability and reactivity make it a versatile tool in research and industrial applications.