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 industry, where it aids in the development of active pharmaceutical ingredients (APIs). Its boronic ester functionality makes it valuable for creating carbon-carbon bonds, which is essential in the synthesis of various drugs and agrochemicals. Additionally, it is employed in material science for the preparation of advanced polymers and organic electronic materials, contributing to the development of innovative technologies.