This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key reagent for forming carbon-carbon bonds. Its boronic acid group enables it to couple with aryl or vinyl halides, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is utilized in the development of sensors and diagnostic tools due to its ability to interact with diols and sugars, which is useful in glucose monitoring and other biochemical applications. Its ester groups further enhance its solubility and reactivity in various organic solvents, making it versatile in research and industrial processes.