This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic ester group enables efficient formation of carbon-carbon bonds, making it valuable in constructing heterocyclic compounds. Additionally, it finds application in material science for the development of organic electronic materials, such as conductive polymers and light-emitting diodes (LEDs). Its stability and reactivity under mild conditions make it a versatile reagent in both academic research and industrial processes.