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 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 is used in material science for synthesizing advanced organic materials with specific electronic or structural properties. Its stability and reactivity make it a versatile tool in modern synthetic chemistry.