This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction, which is widely employed in the pharmaceutical and materials science industries. Its boronate ester group makes it a valuable intermediate for constructing complex organic molecules, including drug candidates and advanced materials. It is also utilized in the development of fluorescent probes and sensors due to its ability to interact with specific biological targets. Additionally, it serves as a building block in the synthesis of polymers and liquid crystals, contributing to the creation of innovative materials with tailored properties.