This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for the construction of complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic ester functionality allows for efficient coupling with aryl or vinyl halides, enabling the formation of carbon-carbon bonds. This makes it valuable in the development of active pharmaceutical ingredients (APIs) and other fine chemicals. Additionally, it is employed in material science for the synthesis of conjugated polymers and organic electronic materials, contributing to advancements in optoelectronic devices such as organic light-emitting diodes (OLEDs) and solar cells.