This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a crucial intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronic ester group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of active pharmaceutical ingredients (APIs) and other fine chemicals. Additionally, it finds use in materials science for synthesizing organic electronic materials, including polymers and small molecules for optoelectronic applications. Its stability and reactivity under mild conditions make it a preferred choice in modern synthetic chemistry.