This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing complex organic molecules, especially in pharmaceutical and materials science research. It is often employed to introduce aryl or heteroaryl groups into target molecules, enabling the development of compounds with potential biological activity or specific material properties. Additionally, it is used in the synthesis of advanced polymers and organic electronic materials due to its ability to facilitate precise molecular assembly. Its stability and reactivity make it a preferred choice in medicinal chemistry for drug discovery and development processes.