This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate in the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules. Its boronic ester group is highly reactive with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical and agrochemical research. Additionally, it is used in the development of materials science applications, such as the creation of advanced polymers and functionalized surfaces. Its stability and reactivity make it a preferred choice for constructing diverse molecular architectures.