This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. Its boronate ester group enables efficient coupling with aryl or vinyl halides, making it valuable for creating carbon-carbon bonds. This compound is often employed in the synthesis of bioactive molecules, including potential drug candidates, due to its stability and reactivity. Additionally, it finds application in material science for developing organic electronic materials and polymers. Its versatility in forming diverse structures makes it a crucial component in modern synthetic chemistry.