This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. It is often employed in the development of drug candidates, where precise molecular construction is critical. Additionally, its stability and reactivity make it suitable for use in research settings for creating novel compounds with potential applications in medicinal chemistry and material science.