Used in organic synthesis as a versatile building block, particularly in Suzuki-Miyaura cross-coupling reactions, which are essential for creating complex organic molecules in pharmaceuticals and materials science. Its boronate ester functionality allows for efficient and selective coupling with aryl halides, enabling the construction of carbon-carbon bonds. This compound is also employed in the development of bioactive molecules, including potential drug candidates, due to its stability and reactivity in various chemical environments. Additionally, it serves as a key intermediate in the synthesis of advanced materials, such as organic semiconductors and polymers, where precise molecular architecture is crucial.