This compound is primarily utilized in organic synthesis as a versatile boronic ester reagent. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Its stability and reactivity make it a valuable intermediate in the preparation of aryl and heteroaryl compounds. Additionally, it is employed in material science for the development of organic electronic materials, such as polymers and small molecules used in OLEDs and other optoelectronic devices.