This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronate ester functional group makes it a valuable intermediate for constructing complex organic molecules, especially in pharmaceuticals and materials science. It is often employed in the development of conjugated polymers and organic semiconductors, which are essential for electronic devices like organic light-emitting diodes (OLEDs) and solar cells. Additionally, it serves as a building block in the synthesis of heterocyclic compounds, which are widely used in drug discovery and agrochemical research.