This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic molecules, especially in the pharmaceutical and materials science industries. Its boronic ester group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of drugs, agrochemicals, and advanced materials like organic semiconductors. Additionally, its tert-butyl group enhances stability and solubility, making it easier to handle in various reaction conditions.