This compound is primarily utilized 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 pharmaceuticals and agrochemicals. Its boronic ester functional group enables efficient carbon-carbon bond formation, making it valuable in the development of drug candidates and fine chemicals. Additionally, it is employed in material science for creating advanced polymers and functional materials. Its stability and reactivity make it a versatile reagent in research and industrial applications.