This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. The boronate ester group in its structure enables efficient coupling with aryl or vinyl halides, facilitating the construction of complex organic molecules. Its application extends to the development of bioactive compounds, where it aids in creating carbon-carbon bonds with high precision. Additionally, it is utilized in material science for synthesizing polymers and functionalized organic compounds.