This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling, which is widely employed in the pharmaceutical and materials science industries. Its boronate ester group makes it a valuable intermediate for constructing complex molecules, including drug candidates and advanced materials. It is also utilized in the development of boron-containing compounds for potential applications in medicinal chemistry, such as enzyme inhibitors or receptor modulators. Additionally, it serves as a building block in the synthesis of organic electronic materials, including polymers and small molecules for optoelectronic devices.