This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key building block for creating complex molecules. Its boronic ester group enables the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. It is also employed in the synthesis of heterocyclic compounds, which are essential in drug discovery for targeting various diseases. Additionally, its stability and reactivity make it a preferred choice for constructing biologically active molecules and functionalized materials in research and industrial applications.