This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. Its boronate ester functional group makes it a valuable intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. It is often employed in the development of active pharmaceutical ingredients (APIs) and fine chemicals, where precise carbon-carbon bond formation is crucial. Additionally, it serves as a building block in the synthesis of advanced materials, including polymers and liquid crystals. Its stability and reactivity under mild conditions make it a preferred choice for researchers working on innovative chemical processes.