This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronic ester functionality makes it a valuable reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. It is often employed in the pharmaceutical industry for the synthesis of drug intermediates and active pharmaceutical ingredients (APIs). Additionally, it finds use in materials science for the development of advanced polymers and functional materials. Its stability and reactivity under mild conditions make it a preferred choice in various catalytic processes.