This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex organic molecules, especially in pharmaceuticals and agrochemicals. Its boronic ester group facilitates the formation of carbon-carbon bonds, enabling the synthesis of aryl and heteroaryl compounds. Additionally, it is employed in material science for developing advanced polymers and organic electronic materials. Its stability and reactivity make it a valuable tool in research and industrial applications for creating tailored chemical structures.