This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura coupling. It serves as a boronic acid ester, which is a key intermediate in the formation of carbon-carbon bonds, enabling the construction of complex molecular structures. Its application is significant in pharmaceutical research, where it aids in the development of drug candidates by facilitating the synthesis of biologically active molecules. Additionally, it is used in material science for the preparation of advanced organic materials, including polymers and small molecules with specific electronic or optical properties. The cyclohexyl group in the structure can enhance the stability and solubility of the compound, making it suitable for various synthetic processes.