This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical industry. Its boronate ester group facilitates the formation of carbon-carbon bonds, enabling the synthesis of various bioactive compounds and drug candidates. Additionally, it is employed in material science for developing advanced polymers and organic electronic materials. Its stability and reactivity make it a valuable reagent in research and industrial applications.