This chemical is widely used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions, due to the presence of the boronate ester group. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its structure allows for the efficient introduction of aromatic rings into complex molecules, making it valuable in the development of drugs and organic electronic materials. Additionally, it is utilized in the synthesis of liquid crystals and polymers, where precise molecular architecture is critical.