This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronate ester functional group makes it a valuable intermediate for constructing complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. Additionally, it finds application in material science, where it is used to synthesize conjugated polymers and organic semiconductors, which are essential components in organic light-emitting diodes (OLEDs) and organic field-effect transistors (OFETs). Its stability and reactivity under mild conditions make it a preferred choice in these advanced applications.