This chemical is primarily utilized 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 in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its stability and reactivity make it a valuable intermediate in the synthesis of various bioactive compounds and materials. Additionally, it is employed in the development of advanced polymers and electronic materials, where precise molecular construction is crucial.