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 reagent for forming carbon-carbon bonds, which is essential in the development of pharmaceuticals, agrochemicals, and advanced materials. It is often employed in the synthesis of complex organic molecules, including bioactive compounds and polymers. Additionally, its stability and reactivity under mild conditions make it a preferred choice in medicinal chemistry for creating drug candidates and intermediates. The compound is also used in material science for designing functional materials with specific properties.