This chemical is primarily used in organic synthesis as a boronic ester, which plays a crucial role in Suzuki-Miyaura cross-coupling reactions. These reactions are widely employed in the pharmaceutical industry for the construction of carbon-carbon bonds, enabling the synthesis of complex organic molecules, including drug candidates. Its stability and reactivity make it a valuable intermediate in the preparation of biologically active compounds, such as those used in cancer therapy, antiviral medications, and other therapeutic agents. Additionally, it finds applications in material science for the development of organic electronic materials, including polymers and small molecules used in organic light-emitting diodes (OLEDs) and other advanced technologies.