This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronate ester group makes it a valuable intermediate for constructing complex aromatic compounds, which are essential in pharmaceuticals, agrochemicals, and materials science. It is also employed in the development of advanced organic electronic materials, including OLEDs and organic semiconductors, due to its ability to introduce functional groups into aromatic systems. Additionally, it serves as a building block in medicinal chemistry for creating drug candidates with tailored properties.