Used primarily in organic synthesis as a versatile boronic ester, this compound is a key reagent in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds. It is particularly valuable in the pharmaceutical industry for constructing complex molecules, such as drug intermediates and active pharmaceutical ingredients (APIs). Additionally, it finds applications in material science for the development of organic electronic materials, including polymers and small molecules for OLEDs and other optoelectronic devices. Its stability and reactivity make it a preferred choice for researchers working on advanced chemical transformations.