This compound is primarily utilized as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its boronic ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex organic molecules. Additionally, it is used in the development of novel materials, such as polymers and small molecules, for applications in optoelectronics and organic electronics. Its stability and reactivity also make it suitable for use in medicinal chemistry research for drug discovery and development.