This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key intermediate for forming carbon-carbon bonds. Its boronic ester group enables efficient coupling with aryl or vinyl halides, facilitating the creation of complex organic molecules. It is commonly employed in pharmaceutical research and development for constructing drug candidates, especially in the synthesis of heterocyclic compounds. Additionally, it finds use in material science for designing advanced polymers and organic electronic materials. Its stability and reactivity make it a valuable reagent in catalytic processes and fine chemical production.