This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling, where it acts as a key intermediate. Its boronate ester moiety enables the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of bioactive molecules and complex organic frameworks due to its stability and reactivity. The compound’s structure also allows for its use in the synthesis of conjugated systems, which are essential in materials science for applications like organic electronics and light-emitting diodes (LEDs).