This chemical is widely used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and materials science fields. Its boronic ester groups enable the formation of carbon-carbon bonds, making it valuable for creating conjugated systems in polymers, organic electronics, and light-emitting materials. Additionally, it is utilized in the development of advanced organic compounds for sensors and catalysts due to its stability and reactivity.