This compound is widely used in Suzuki-Miyaura cross-coupling reactions, a key method in organic synthesis for creating carbon-carbon bonds. It serves as a crucial building block in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic ester group enables efficient coupling with aryl or vinyl halides, facilitating the synthesis of complex molecules. Additionally, it is employed in the development of organic electronic materials, such as OLEDs, due to its ability to form conjugated systems. Its stability and reactivity make it a valuable reagent in medicinal chemistry for drug discovery and optimization.