This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic ester group facilitates the formation of carbon-carbon bonds, making it valuable in the synthesis of heterocyclic compounds. Additionally, it is employed in material science for the creation of conjugated polymers and organic electronic materials, contributing to advancements in organic light-emitting diodes (OLEDs) and organic photovoltaics. Its versatility and stability make it a preferred choice in various research and industrial applications.