This chemical is primarily used in organic synthesis as a key intermediate for the preparation of various biologically active compounds. It is particularly valuable in cross-coupling reactions, such as Suzuki-Miyaura coupling, which is widely employed in the pharmaceutical industry to create complex molecules for drug development. The boronate ester group in the compound facilitates the formation of carbon-carbon bonds, making it essential for constructing aromatic and heteroaromatic structures. Its application extends to material science, where it is utilized in the synthesis of organic electronic materials, including polymers and small molecules for use in organic light-emitting diodes (OLEDs) and other optoelectronic devices. Additionally, it serves as a precursor in the development of fluorescent dyes and sensors due to its ability to form stable and reactive intermediates.