This compound is primarily utilized 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 the pharmaceutical and agrochemical industries. Its boronic ester functionality enables efficient carbon-carbon bond formation, making it valuable for creating diverse aromatic and heteroaromatic structures. Additionally, it is employed in material science for developing organic electronic materials and polymers, where precise molecular assembly is crucial. Its stability and reactivity under mild conditions make it a versatile tool in synthetic chemistry.