This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a boronic ester reagent, enabling the formation of carbon-carbon bonds in the production of complex organic molecules. Its application is significant in pharmaceutical research, where it aids in the synthesis of drug intermediates and active pharmaceutical ingredients (APIs). Additionally, it is utilized in material science for the development of organic electronic materials, such as polymers and small molecules for OLEDs and other optoelectronic devices. The compound’s stability and reactivity make it a valuable tool in constructing aromatic systems and functionalized organic compounds.