This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronate ester group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, it serves as an intermediate in the development of materials with potential applications in organic electronics and optoelectronics, such as OLEDs and sensors. Its structure also makes it a candidate for research in medicinal chemistry, where it may be explored for its biological activity or as a building block for drug discovery.