This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronate ester group makes it a valuable intermediate for constructing complex organic molecules, especially in pharmaceuticals and materials science. It is often employed in the synthesis of bioactive compounds, polymers, and advanced materials due to its ability to facilitate the formation of carbon-carbon bonds. Additionally, it can be utilized in the development of sensors and optoelectronic devices, where precise molecular structures are required. Its stability and reactivity under mild conditions make it a versatile reagent in modern synthetic chemistry.