This chemical is primarily utilized in organic synthesis as a boron-containing reagent. It is often employed in Suzuki-Miyaura cross-coupling reactions, which are pivotal in forming carbon-carbon bonds, particularly in the synthesis of complex organic molecules like pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity make it a valuable arylboronic ester, which serves as a key precursor in various catalytic processes. Additionally, it finds use in the development of sensors and polymers, where boron-based compounds play a crucial role in enhancing material properties.