This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling, which is widely employed in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronate ester group enables the formation of carbon-carbon bonds, making it valuable for constructing complex molecular structures. Additionally, it serves as an intermediate in the development of bioactive compounds, including potential drug candidates, due to its ability to introduce functional groups into aromatic systems. Its application extends to material science, where it contributes to the synthesis of organic electronic materials and polymers.