This chemical is primarily utilized as a key intermediate in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. Its boronate ester structure makes it valuable for forming carbon-carbon bonds, enabling the construction of complex organic molecules. It is often employed in pharmaceutical research and development for synthesizing bioactive compounds and drug candidates. Additionally, it finds use in material science for creating advanced polymers and functional materials. Its stability and reactivity under mild conditions make it a preferred choice in various industrial and academic applications.