This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic ester reagent, enabling the formation of carbon-carbon bonds, which is crucial in the development of pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity make it a valuable intermediate in the synthesis of complex organic molecules, including bioactive compounds and polymers. Additionally, it is employed in the preparation of boron-containing compounds for use in medicinal chemistry and material science.