This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. It is often employed in the synthesis of active pharmaceutical ingredients (APIs) and fine chemicals due to its ability to facilitate the formation of carbon-carbon bonds. Additionally, it finds use in material science for the development of organic electronic materials, where precise molecular structures are crucial. Its stability and reactivity make it a preferred choice for researchers working on advanced organic transformations.