Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. This reaction is widely employed in the pharmaceutical industry to create complex molecules for drug development. Its boronic ester group enables efficient coupling with aryl halides, facilitating the construction of carbon-carbon bonds. The compound is also utilized in materials science for the development of organic electronic materials, such as polymers and small molecules for OLEDs or organic photovoltaics. Its stability and reactivity make it a valuable reagent in research and industrial applications for synthesizing advanced functional materials.