This compound is primarily used 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 the development of pharmaceuticals and agrochemicals. Its boronic ester functionality allows for efficient coupling with aryl or vinyl halides, enabling the formation of carbon-carbon bonds. Additionally, it finds application in material science for the synthesis of conjugated polymers and organic electronic materials, contributing to advancements in optoelectronics and sensor technologies.