Used in Suzuki-Miyaura cross-coupling reactions to synthesize complex organic compounds, particularly in pharmaceutical research for creating drug intermediates. It serves as a key building block in the development of biologically active molecules, such as kinase inhibitors and other therapeutic agents. Its boronic ester group enables efficient coupling with aryl halides, making it valuable in the production of heterocyclic compounds. Additionally, it is employed in material science for designing organic electronic materials and polymers.