This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. The boronic ester group facilitates the formation of carbon-carbon bonds, making it valuable in creating biologically active compounds. Additionally, it is employed in the preparation of advanced materials, including polymers and liquid crystals, due to its stability and reactivity. Its application extends to agrochemicals, where it aids in the synthesis of novel pesticides and herbicides.