This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. It is often employed in the development of active pharmaceutical ingredients (APIs) and fine chemicals, where precise control over molecular structure is essential. Additionally, it serves as a building block in the synthesis of advanced materials, including polymers and liquid crystals, due to its ability to facilitate the formation of carbon-carbon bonds. Its stability and reactivity make it a preferred choice for researchers working on innovative chemical processes.