This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic ester reagent, enabling the formation of carbon-carbon bonds in the presence of a palladium catalyst. Its structure, featuring a pyrrole moiety, makes it suitable for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. Additionally, it can be employed in the development of advanced materials, including polymers and electronic components, due to its ability to introduce specific functional groups into molecular frameworks.