This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester functional group makes it a valuable intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. It is often employed in the synthesis of biologically active compounds, including drug candidates and intermediates for active pharmaceutical ingredients (APIs). Additionally, it can be utilized in material science for the development of organic electronic materials, such as polymers and small molecules used in organic light-emitting diodes (OLEDs) or organic photovoltaics (OPVs). Its stability and reactivity make it a versatile building block in various research and industrial applications.