This chemical is primarily used as an intermediate in organic synthesis, particularly in the preparation of complex molecules. It plays a key role in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. Its boronate ester group makes it valuable for creating pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is utilized in the development of dyes, pigments, and organic electronic materials due to its ability to introduce functional groups into aromatic systems. Its stability and reactivity make it a versatile building block in research and industrial applications.