This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic ester group enables efficient and selective bond formation with aryl or vinyl halides, making it valuable in the synthesis of heterocyclic compounds. Additionally, it is employed in materials science for creating conjugated polymers and organic electronic materials, contributing to advancements in optoelectronic devices like OLEDs and organic solar cells.