This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. Its boronate ester group makes it a valuable intermediate for constructing complex organic molecules, especially in the development of pharmaceuticals and advanced materials. It is also employed in the synthesis of organic light-emitting diodes (OLEDs) due to its ability to form stable and efficient charge-transporting layers. Additionally, its structural properties make it suitable for use in the preparation of polymers and coatings with specific electronic or optical characteristics.