Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex organic compounds. Its boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in pharmaceutical research for developing drug candidates. Also employed in materials science for synthesizing organic semiconductors and light-emitting materials, contributing to advancements in electronic devices and optoelectronics. Its stability and reactivity make it a versatile intermediate in various chemical transformations.