This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate for the preparation of complex organic molecules, especially in pharmaceutical research and development. Its boronate ester group enables efficient bond formation with aryl or vinyl halides, making it valuable in constructing biaryl compounds. Additionally, it finds application in material science for the synthesis of advanced polymers and organic electronic materials. Its stability and reactivity make it a versatile reagent in medicinal chemistry for designing drug candidates with improved efficacy and specificity.