This compound is primarily utilized in organic synthesis as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its boronate ester functionality makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex organic molecules. Additionally, it is used in the development of materials for organic electronics, such as organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs), due to its ability to facilitate the creation of conjugated systems. The compound’s stability and reactivity also make it suitable for use in medicinal chemistry research, particularly in the design of boron-containing drugs.