This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester functionality makes it a valuable reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. It is often employed in pharmaceutical research and development to create novel drug candidates, as well as in material science for designing advanced polymers and organic electronic materials. Its stability and reactivity under mild conditions make it a preferred choice for chemists working on precision synthesis.