This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronate ester structure makes it a valuable reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. Additionally, it serves as a key intermediate in the development of organic electronic materials, such as OLEDs and semiconductors, due to its stability and reactivity. Its application extends to medicinal chemistry, where it aids in the synthesis of bioactive compounds and drug candidates.