This chemical is primarily utilized in the field of organic synthesis, particularly in the development of advanced materials and pharmaceuticals. It serves as a key intermediate in the production of organic light-emitting diodes (OLEDs), where its unique structure contributes to the efficiency and stability of the light-emitting layers. Additionally, it is employed in the synthesis of boron-containing compounds, which are essential in various cross-coupling reactions, such as the Suzuki-Miyaura reaction, widely used in the creation of complex organic molecules. Its application extends to the field of medicinal chemistry, where it is used to design and synthesize novel drug candidates, especially those targeting specific enzymes or receptors. The compound’s boronate ester functionality also makes it valuable in the development of sensors and probes for detecting biological molecules.