This chemical 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 agrochemicals. Its boronate ester group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in the synthesis of advanced materials, including organic light-emitting diodes (OLEDs) and other optoelectronic devices, due to its ability to form stable and functionalized aromatic systems. Its structural properties make it valuable in medicinal chemistry for designing bioactive compounds targeting various diseases.