This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic ester group facilitates the formation of carbon-carbon bonds, making it valuable in the synthesis of heterocyclic compounds. Additionally, it is employed in material science for creating organic electronic materials, including polymers and small molecules used in OLEDs and other optoelectronic devices. Its stability and reactivity make it a versatile reagent in research and industrial applications.