This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing complex molecules, especially in pharmaceutical and agrochemical research. It facilitates the formation of carbon-carbon bonds, enabling the synthesis of diverse aromatic compounds. Additionally, it is employed in material science for developing organic electronic materials and polymers. Its stability and reactivity make it a preferred choice for precise and efficient synthetic transformations.