This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it serves as a key intermediate for constructing complex organic molecules. Its boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of bioactive compounds and organic electronic materials due to its ability to introduce functional groups into aromatic systems. Its stability and reactivity make it a versatile tool in modern synthetic chemistry.