This compound 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 forming carbon-carbon bonds, enabling the construction of complex organic molecules. It is often employed in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its structure allows for further functionalization, making it a versatile building block in medicinal chemistry for designing drug candidates. Its application extends to materials science, where it contributes to the synthesis of polymers and organic electronic materials.