This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It acts as a versatile boronic ester reagent, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity make it a valuable intermediate in the preparation of aryl and heteroaryl compounds. Additionally, it is employed in the development of sensors and catalysts due to its ability to interact with various functional groups. Its application extends to polymer chemistry, where it is used to modify and functionalize polymeric materials for specific industrial purposes.