This chemical is primarily used in organic synthesis as a versatile boron reagent, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronate ester structure facilitates the formation of carbon-carbon bonds, enabling the synthesis of biaryl compounds, which are essential in drug development. Additionally, it is utilized in material science for creating advanced polymers and electronic materials. Its stability and reactivity make it a valuable tool in research and industrial applications for producing fine chemicals and functional materials.