This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronic ester group facilitates the formation of carbon-carbon bonds, enabling the synthesis of biaryl compounds, which are essential in drug development. Additionally, it is employed in the preparation of advanced materials, such as organic electronic components, due to its ability to introduce specific functional groups into molecular frameworks. Its stability and reactivity make it a valuable tool in catalytic processes and polymer chemistry.