This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. 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 drugs, fine chemicals, and advanced materials. Additionally, its stability and reactivity under mild conditions make it a preferred choice for researchers working on the synthesis of heterocyclic compounds and bioactive molecules.