This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable reagent for forming carbon-carbon bonds, enabling the synthesis of complex organic molecules. It is often employed in the production of pharmaceuticals, agrochemicals, and advanced materials. The compound's stability and reactivity under mild conditions make it a preferred choice for constructing aromatic and heteroaromatic systems. Additionally, it is utilized in the development of organic electronic materials, including polymers and small molecules for applications in OLEDs and organic photovoltaics.