Primarily utilized in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its boronic ester functionality makes it valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds essential for constructing complex organic molecules. Additionally, it finds application in the development of materials for organic electronics, where its structural properties contribute to the creation of advanced polymers and small molecules with tailored electronic characteristics. Its role in catalysis and material science underscores its importance in both industrial and academic research settings.