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 facilitates the formation of carbon-carbon bonds, enabling the synthesis of biaryl compounds, which are essential in drug development and material science. Additionally, it is utilized in the preparation of advanced materials, such as organic semiconductors and polymers, due to its ability to introduce specific functional groups into molecular structures.