This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions. It serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its boronate ester group makes it valuable in Suzuki-Miyaura reactions, enabling the formation of carbon-carbon bonds efficiently. Additionally, it is utilized in the development of advanced materials, such as organic semiconductors and polymers, due to its stability and reactivity. Its unique structure also allows for applications in medicinal chemistry, where it aids in the synthesis of bioactive compounds with potential therapeutic properties.