This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. It serves as a key building block for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of drug candidates. Its boronic ester group enables efficient coupling with aryl or vinyl halides, facilitating the creation of biaryl or styrene derivatives. Additionally, it is employed in material science for designing advanced organic materials with specific electronic or structural properties. Its stability and reactivity make it a versatile reagent in various research and industrial applications.