This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex molecules, often in the development of pharmaceuticals and agrochemicals. Its boronic ester group enables efficient formation of carbon-carbon bonds, making it valuable in creating biologically active compounds. Additionally, it is employed in material science for designing advanced polymers and organic electronic materials. Its stability and reactivity under mild conditions make it a versatile reagent in research and industrial applications.