This chemical is primarily used as a key intermediate in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester structure makes it highly effective for forming carbon-carbon bonds, which is essential in the production of pharmaceuticals, agrochemicals, and advanced materials. It is also employed in the development of complex organic molecules, including bioactive compounds and polymers, due to its stability and reactivity. Additionally, it serves as a valuable reagent in medicinal chemistry for the synthesis of drug candidates and in material science for creating specialized polymers and electronic materials.