This chemical 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, which is crucial in the development of pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity make it a valuable intermediate for constructing complex organic molecules, such as bioactive compounds and polymers. Additionally, it is employed in the synthesis of aryl derivatives, which are essential in drug discovery and material science applications.