This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a crucial building block for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. 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 development of drug candidates, where precise molecular architectures are required. Additionally, it finds applications in material science for synthesizing advanced polymers and organic electronic materials, contributing to innovations in flexible electronics and optoelectronics.