This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction, which is widely employed in the pharmaceutical and materials science industries. Its boronate ester group makes it a valuable intermediate for constructing complex molecules, including bioactive compounds and polymers. It is also utilized in the development of advanced materials such as organic semiconductors and liquid crystals, owing to its ability to facilitate precise molecular assembly. Additionally, it serves as a key building block in medicinal chemistry for the synthesis of drug candidates targeting various diseases.