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 organic molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronate ester group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in the synthesis of advanced materials, including polymers and liquid crystals, due to its ability to introduce functional groups into molecular structures. Its application extends to research and development in medicinal chemistry, where it aids in the creation of biologically active compounds.