This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronate ester group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of drug candidates, where precise molecular structures are crucial. Additionally, it is used in material science for creating advanced organic materials with specific electronic or optical properties. Its stability and reactivity make it a versatile tool in synthetic chemistry.