This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronate ester structure makes it a valuable reagent for introducing aryl groups into target molecules, enabling the synthesis of bioactive compounds, polymers, and advanced materials. Additionally, it is utilized in the development of organic electronic materials due to its ability to facilitate the formation of conjugated systems.