This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, which is widely employed in the pharmaceutical and materials science industries. Its boronate ester group makes it a valuable intermediate for constructing complex molecules, including active pharmaceutical ingredients (APIs) and organic electronic materials. Additionally, it serves as a building block in the development of polymers and ligands for catalysis. Its stability and reactivity under mild conditions make it a preferred choice for researchers working on fine chemical synthesis and drug discovery.