Used primarily in cross-coupling reactions such as Suzuki-Miyaura coupling, this compound serves as a key building block in the synthesis of complex organic molecules. Its boronate ester group enables efficient carbon-carbon bond formation, making it valuable in pharmaceutical research and development for constructing biaryl systems. It is especially useful in late-stage functionalization due to its stability and reactivity profile. Commonly employed in medicinal chemistry for creating drug candidates and in materials science for developing organic electronic materials.