This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. Its boronic ester functional group makes it a valuable reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. It is often employed in the pharmaceutical industry for the development of drug candidates, where it aids in the synthesis of heterocyclic compounds with potential therapeutic properties. Additionally, it finds use in materials science for the creation of advanced polymers and electronic materials, leveraging its ability to introduce specific functional groups into molecular frameworks. Its stability and reactivity under mild conditions make it a versatile tool in various chemical research and industrial applications.