This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing complex organic molecules, especially in pharmaceuticals and agrochemicals. The compound's structure allows for efficient coupling with aryl halides, enabling the formation of carbon-carbon bonds. It is also employed in the development of advanced materials, including polymers and liquid crystals, due to its ability to introduce specific functional groups into molecular frameworks. Additionally, its stability and reactivity make it suitable for use in medicinal chemistry research for designing drug candidates with improved efficacy and selectivity.