This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the pharmaceutical and materials science industries. Its boronate ester group makes it a valuable intermediate for constructing complex organic molecules, such as biaryl compounds, which are essential in drug development and the creation of advanced materials. Additionally, it is utilized in the preparation of liquid crystals and organic light-emitting diodes (OLEDs), contributing to the development of display technologies. Its role in facilitating carbon-carbon bond formation makes it a key component in the synthesis of various bioactive compounds and functional materials.