This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. The boronic ester group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. Its stability and reactivity make it suitable for synthesizing biologically active compounds, including drug candidates and fine chemicals. Additionally, it is often employed in the development of materials science applications, such as creating advanced polymers or functionalized surfaces.