This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronate ester group enables efficient formation of carbon-carbon bonds, making it valuable for creating biologically active compounds, including drug candidates. Additionally, it is employed in materials science for the development of organic electronic materials and polymers. Its stability and reactivity make it a versatile reagent in modern synthetic chemistry.