This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronate ester group makes it a valuable intermediate for constructing complex organic molecules, especially in the pharmaceutical and materials science industries. It is often employed in the synthesis of biologically active compounds, including drug candidates, due to its ability to facilitate the formation of carbon-carbon bonds. Additionally, it finds applications in the development of organic electronic materials, such as OLEDs and semiconductors, where precise molecular architecture is critical. Its stability and reactivity make it a versatile tool in modern synthetic chemistry.