This chemical is primarily used as a key intermediate in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. It facilitates the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronate ester structure enhances stability and reactivity, allowing for efficient transformations in complex molecular constructions. Additionally, it is employed in the development of organic light-emitting diodes (OLEDs) and other electronic materials due to its ability to modify and improve electronic properties. Its versatility and efficacy make it a crucial component in modern synthetic chemistry.