This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of drugs and bioactive compounds. Its boronic ester group makes it highly reactive with aryl halides, enabling the formation of carbon-carbon bonds efficiently. Additionally, it is utilized in materials science for designing advanced polymers and functional materials. Its stability and reactivity also make it a valuable tool in chemical research for studying reaction mechanisms and developing new synthetic methodologies.