This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic ester group enhances stability and reactivity, making it suitable for use in mild reaction conditions. Additionally, it is employed in the development of materials for organic electronics, such as organic light-emitting diodes (OLEDs) and semiconductors, due to its ability to introduce aromatic structures into polymers. Its versatility and efficiency in catalytic processes make it a valuable tool in both academic research and industrial applications.