This compound is primarily utilized in organic synthesis as a key intermediate in cross-coupling reactions, particularly Suzuki-Miyaura coupling. Its boronate ester group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. It is also employed in the development of organic electronic materials, such as organic light-emitting diodes (OLEDs) and organic photovoltaics, due to its ability to facilitate the creation of conjugated systems. Additionally, its stability and reactivity make it a preferred choice in research and industrial applications for constructing diverse molecular architectures.