Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. This reaction is widely applied in the pharmaceutical industry for the construction of complex molecules, including drug candidates. It also plays a role in material science, aiding in the development of organic electronic materials and polymers. Its boronic ester functionality allows for efficient coupling with aryl or vinyl halides, enabling the creation of diverse carbon-carbon bonds. Additionally, it is utilized in the synthesis of agrochemicals and fine chemicals due to its stability and reactivity.