This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions. It serves as a key intermediate in the formation of carbon-carbon bonds, enabling the construction of complex organic molecules. Its boronate ester group makes it valuable in Suzuki-Miyaura coupling reactions, which are widely employed in pharmaceutical and material science research. Additionally, it finds application in the development of advanced materials, such as organic semiconductors and liquid crystals, due to its ability to introduce specific functional groups into molecular structures. Its stability and reactivity also make it suitable for use in medicinal chemistry for the synthesis of biologically active compounds.