This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a boronic ester reagent, enabling the formation of carbon-carbon bonds, which is essential in the production of pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity make it a valuable intermediate in constructing complex organic molecules, including bioactive compounds and polymers. Additionally, it is employed in materials science for developing organic electronic components like OLEDs and sensors due to its ability to introduce functional groups into aromatic systems.