This chemical is primarily used 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 industry for the construction of carbon-carbon bonds, enabling the synthesis of complex organic molecules, including drug candidates and bioactive compounds. Its structure, featuring a boronate group, makes it a valuable intermediate for modifying aromatic compounds, particularly in the development of new therapeutic agents. Additionally, it is utilized in material science for creating advanced polymers and organic electronic materials due to its ability to facilitate precise molecular assembly. Its stability and reactivity make it a preferred choice in research and industrial applications requiring controlled chemical transformations.