This chemical is widely used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronate ester group enables efficient carbon-carbon bond formation, making it valuable for creating complex molecular structures. Additionally, it is utilized in the development of bioactive compounds and in research for drug discovery. Its stability and reactivity make it a preferred choice for constructing aromatic systems in various industrial and academic applications.