This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, which is widely employed in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronate ester group serves as a key intermediate, enabling the formation of carbon-carbon bonds with high efficiency and selectivity. Additionally, it finds application in the development of bioactive molecules and complex organic frameworks, contributing to research in drug discovery and material science. Its stability and reactivity make it a valuable tool in synthetic chemistry for constructing diverse molecular architectures.