This chemical is widely used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it acts as a key intermediate for creating carbon-carbon bonds. Its boronate ester group makes it highly effective in coupling with aryl halides, enabling the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is utilized in the development of fluorescent probes and sensors due to its ability to interact with specific biological targets. Its stability and reactivity also make it a valuable component in the preparation of polymers and ligands for catalytic systems.