This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical and agrochemical research. Its boronate ester group enables efficient carbon-carbon bond formation, making it valuable for producing biologically active compounds. Additionally, it is employed in material science for developing advanced polymers and functional materials. Its stability and reactivity make it a versatile building block in various industrial and research applications.