This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. The boronate ester group enables efficient coupling with aryl halides, making it valuable for creating carbon-carbon bonds in drug discovery. It is also utilized in the synthesis of isoindolinone derivatives, which are important in designing bioactive compounds with potential therapeutic applications. Additionally, it finds use in material science for developing organic electronic materials due to its stability and reactivity.