This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a boronic ester reagent, enabling the formation of carbon-carbon bonds between aryl or heteroaryl groups. This makes it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity under mild conditions make it a preferred choice for constructing complex organic molecules. Additionally, it is used in the development of organic electronic materials, including OLEDs and semiconductors, due to its ability to facilitate precise molecular design.