Used primarily in organic synthesis as a boronic ester derivative, this compound serves as a key building block in Suzuki-Miyaura cross-coupling reactions. It enables the formation of carbon-carbon bonds, especially in the development of conjugated materials for organic electronics such as OLEDs and organic semiconductors. Its arylboronate structure offers high stability and reactivity, making it valuable in pharmaceutical research and the synthesis of complex aromatic systems. It is also employed in the preparation of functionalized triarylamines, which are important in hole-transport materials for photovoltaic devices.