Used extensively in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate for constructing complex molecules. Its boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in pharmaceutical research for developing active pharmaceutical ingredients (APIs). Additionally, it is employed in material science for creating organic electronic materials, such as OLEDs and organic semiconductors, due to its ability to enhance conjugation and stability in polymers. Its role in catalysis and ligand design further expands its utility in advanced chemical processes.