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 molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic ester functionality allows for efficient coupling with aryl or vinyl halides, enabling the formation of carbon-carbon bonds. This makes it valuable in the synthesis of biologically active compounds, including potential drug candidates. Additionally, it is employed in material science for creating advanced organic materials with specific electronic or optical properties. Its stability and reactivity make it a versatile reagent in research and industrial applications.