Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are essential for creating complex organic compounds, including pharmaceuticals and fine chemicals. Its boronate ester structure allows for efficient coupling with aryl halides, enabling the formation of carbon-carbon bonds. This compound is also employed in the development of advanced materials and in research for designing novel organic molecules with potential applications in drug discovery and material science. Its stability and reactivity make it a valuable tool in modern synthetic chemistry.