This compound is primarily utilized in organic synthesis as a boronic ester, which plays a crucial role in Suzuki-Miyaura cross-coupling reactions. These reactions are widely employed in the pharmaceutical and materials science industries to form carbon-carbon bonds, enabling the synthesis of complex organic molecules. Its stability and reactivity make it a valuable intermediate in the production of fine chemicals, agrochemicals, and active pharmaceutical ingredients (APIs). Additionally, it is used in the development of advanced materials, such as organic electronic components, due to its ability to facilitate precise molecular assembly.