This chemical is primarily utilized as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It plays a key role in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex organic molecules. Its boronate ester group makes it a valuable reagent for constructing biaryl compounds, which are common structural motifs in many drugs and biologically active compounds. Additionally, it is used in the development of materials for organic electronics, such as OLEDs, due to its ability to facilitate the creation of conjugated systems. Its stability and reactivity make it a versatile tool in research and industrial applications.