This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic ester group facilitates the formation of carbon-carbon bonds, making it valuable for creating aromatic compounds and heterocycles. Additionally, it is utilized in material science for developing organic electronic materials and polymers. Its stability and reactivity make it a versatile building block in research and industrial applications.