This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling, which is widely employed in the pharmaceutical and materials science industries. Its boronate ester group acts as a key intermediate, enabling the formation of carbon-carbon bonds in complex molecules. This makes it valuable for constructing biologically active compounds, such as drug candidates, and for developing advanced materials like organic semiconductors or polymers. Additionally, it serves as a building block in the synthesis of heterocyclic compounds, which are often utilized in agrochemicals and medicinal chemistry due to their diverse biological activities.