This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronate ester structure facilitates the formation of carbon-carbon bonds, making it valuable in the development of active pharmaceutical ingredients (APIs) and other fine chemicals. Additionally, it is employed in the synthesis of advanced materials, such as polymers and electronic components, due to its stability and reactivity in various chemical processes.