This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing complex organic molecules, especially in pharmaceutical research and development. It is often employed in the synthesis of bioactive compounds, including potential drug candidates, due to its ability to form carbon-carbon bonds efficiently. Additionally, it may be utilized in material science for creating advanced polymers or functionalized materials with specific properties. Its stability and reactivity make it a versatile tool in modern synthetic chemistry.