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) due to its ability to form carbon-carbon bonds efficiently. Additionally, it serves as a building block in the synthesis of advanced materials, including polymers and liquid crystals, where precise molecular architecture is required. Its stability and reactivity under mild conditions make it a preferred choice for researchers in medicinal chemistry and material science.