This chemical is primarily utilized in organic synthesis as a key intermediate for the preparation of various complex molecules. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it acts as a boronic ester reagent to form carbon-carbon bonds. This process is essential in the production of pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity make it a preferred choice for constructing biaryl compounds, which are foundational structures in many active pharmaceutical ingredients. Additionally, it is employed in the development of organic electronic materials, contributing to the creation of more efficient organic light-emitting diodes (OLEDs) and other electronic devices.