This chemical is widely used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It plays a crucial role in the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its boronate ester group is highly reactive, making it valuable for constructing biaryl compounds, which are essential in drug discovery and development. Additionally, it is employed in the preparation of organic electronic materials, such as OLEDs and semiconductors, due to its ability to facilitate precise molecular design. Its stability and reactivity make it a preferred choice in various research and industrial applications.