This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a valuable boron reagent for constructing carbon-carbon bonds, enabling the formation of biaryl structures, which are essential in pharmaceuticals, agrochemicals, and materials science. Its stability and reactivity make it suitable for synthesizing complex organic molecules, such as drug intermediates and functional materials. Additionally, it is employed in the development of fluorescent probes and sensors due to its boronate ester functionality, which can interact with specific analytes. Its versatility also extends to polymer chemistry, where it is used to modify polymers for enhanced properties.