This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of drug candidates. Its boronic ester functionality allows for efficient coupling with aryl halides, enabling the formation of carbon-carbon bonds. Additionally, it is utilized in material science for the synthesis of organic electronic materials, such as polymers and small molecules, which are essential for applications like OLEDs and organic photovoltaics. Its stability and reactivity make it a valuable tool in research and industrial processes.