This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic ester group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the synthesis of biologically active compounds, including drug candidates and fine chemicals. Additionally, it is used in material science for creating advanced polymers and functional materials. Its stability and reactivity under mild conditions make it a preferred choice in various research and industrial applications.