This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronate ester functionality enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in producing biologically active compounds, such as potential drug candidates targeting neurological or inflammatory disorders. Additionally, it is employed in material science for synthesizing organic electronic materials, including polymers and small molecules used in OLEDs or other optoelectronic devices. Its stability and reactivity under mild conditions make it a preferred choice in various research and industrial applications.