This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key building block for constructing complex organic molecules. Its boronic ester group enables efficient coupling with aryl or vinyl halides, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of conjugated polymers and organic electronic materials due to its ability to facilitate the formation of carbon-carbon bonds. Its stability and reactivity make it a preferred choice in research and industrial applications for creating diverse chemical structures.