This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing complex organic molecules, especially in pharmaceuticals and agrochemicals. It is often employed in the development of drug candidates, enabling the formation of carbon-carbon bonds with high precision. Additionally, it serves as a building block in materials science for creating advanced polymers and functional materials. Its stability and reactivity make it a preferred choice in research and industrial applications requiring controlled and efficient chemical transformations.