This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical industry, where it aids in the development of drug candidates. Its boronic ester group enables efficient coupling with aryl halides, facilitating the formation of biaryl structures, which are common in many active pharmaceutical ingredients. Additionally, it is employed in material science for the synthesis of conjugated polymers and organic electronic materials, contributing to advancements in organic light-emitting diodes (OLEDs) and other optoelectronic devices. Its stability and reactivity make it a valuable tool in modern synthetic chemistry.