This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. It serves as a key intermediate in the production of conjugated polymers and organic electronic materials, which are essential for manufacturing organic light-emitting diodes (OLEDs) and organic photovoltaic (OPV) cells. Its boronate ester group facilitates efficient and selective coupling with aryl halides, making it valuable in creating complex organic molecules with tailored electronic properties. Additionally, it is utilized in research and development of advanced materials for optoelectronic applications, contributing to innovations in display technologies and renewable energy solutions.