This compound is widely utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex organic molecules, especially in pharmaceuticals and agrochemicals. Its boronate ester group enables efficient carbon-carbon bond formation, making it valuable in the development of drugs and biologically active compounds. Additionally, it is employed in material science for synthesizing advanced polymers and organic electronic materials. Its stability and reactivity make it a versatile tool in research and industrial applications.