This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic ester reagent, enabling the formation of carbon-carbon bonds, which is essential in constructing complex organic molecules. Its application is significant in pharmaceutical research and development, where it aids in the synthesis of active pharmaceutical ingredients (APIs) and intermediates. Additionally, it is utilized in material science for the preparation of advanced polymers and organic electronic materials, contributing to the development of OLEDs and other optoelectronic devices. Its stability and reactivity make it a valuable tool in modern synthetic chemistry.