This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic ester derivative, enabling the formation of carbon-carbon bonds, which is crucial in the development of pharmaceuticals, agrochemicals, and advanced materials. Its phosphonate group also allows for further functionalization, making it a versatile intermediate in the synthesis of complex organic molecules. Additionally, it is employed in the preparation of bioactive compounds and polymers, where precise molecular architecture is required.