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 molecules, especially in the development of pharmaceuticals, agrochemicals, and organic materials. 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 synthesis of biologically active compounds, including potential drug candidates. Additionally, it finds use in the preparation of conjugated polymers and organic electronic materials, contributing to advancements in optoelectronics and photovoltaics. Its stability and reactivity make it a versatile tool in modern synthetic chemistry.