This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronate ester group enables efficient coupling with aryl halides, facilitating the formation of biaryl structures, which are common in many active pharmaceutical ingredients (APIs). Additionally, it is utilized in the development of advanced materials, such as organic semiconductors and polymers, due to its ability to introduce functional groups into aromatic systems. Its stability and reactivity make it a valuable tool in research and industrial applications.