This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing complex molecules, especially in the pharmaceutical industry where it aids in the development of drugs and bioactive compounds. Additionally, it is employed in materials science for the synthesis of organic electronic materials, including polymers and small molecules used in OLEDs and other optoelectronic devices. Its stability and reactivity make it a versatile reagent in various research and industrial applications.