This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex organic molecules, especially in the development of pharmaceuticals and advanced materials. Its boronate ester group enables efficient carbon-carbon bond formation, making it valuable in the synthesis of biologically active compounds, including drug candidates. Additionally, it is employed in the preparation of conjugated polymers and organic electronic materials, where its structure contributes to the desired electronic properties. Its stability and reactivity make it a versatile tool in modern synthetic chemistry.