This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and organic materials. Its boronate ester group makes it highly reactive and suitable for forming carbon-carbon bonds, which is essential in creating complex organic molecules. Additionally, it is utilized in the development of organic electronic materials, such as OLEDs and semiconductors, due to its ability to enhance charge transport properties. Its stability and reactivity also make it valuable in polymer chemistry for designing advanced functional materials.