This chemical is primarily used in organic synthesis as a boron-containing reagent, particularly in Suzuki-Miyaura cross-coupling reactions. These reactions are widely employed in the pharmaceutical and materials science industries to create complex organic molecules, such as drugs, polymers, and advanced materials. Its structure allows it to act as a stable boronate ester, facilitating the formation of carbon-carbon bonds in the presence of a palladium catalyst. Additionally, it is utilized in the development of fluorescent probes and sensors due to its ability to interact with specific analytes, making it valuable in biochemical research and diagnostics. Its stability and reactivity also make it suitable for use in the preparation of organic electronic materials, contributing to advancements in optoelectronic devices.