This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. Its boronic ester group enables it to act as a key intermediate in forming carbon-carbon bonds, which is essential in creating complex organic molecules. It is often employed in the pharmaceutical industry for the development of drug candidates, especially in the synthesis of biologically active pyrimidine derivatives. Additionally, it finds application in materials science for the preparation of advanced organic materials. Its stability and reactivity make it a valuable component in various research and industrial processes.