This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex organic molecules, especially in the development of pharmaceuticals and organic electronic materials. Its boronate ester group enables efficient carbon-carbon bond formation, making it valuable in creating conjugated polymers, OLED materials, and other advanced materials. Additionally, it is employed in medicinal chemistry for synthesizing bioactive compounds and drug candidates. Its stability and reactivity make it a versatile tool in modern synthetic chemistry.