This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester functional 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 due to its ability to facilitate carbon-carbon bond formation. Additionally, it can be used in material science for the synthesis of advanced polymers and organic electronic materials. Its stability and reactivity under mild conditions make it a versatile reagent in various research and industrial applications.