This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronate ester group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. It is also employed in the development of organic electronic materials, such as OLEDs, due to its ability to facilitate the creation of conjugated systems. Additionally, it serves as a key intermediate in the preparation of functionalized terphenyl derivatives, which are used in various research and industrial applications.