This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester functional group makes it a valuable intermediate for constructing carbon-carbon bonds, enabling the formation of complex organic molecules. It is often employed in pharmaceutical research and development to create novel drug candidates or biologically active compounds. Additionally, it can be used in material science for designing advanced polymers or functional materials. Its stability and reactivity make it a versatile reagent in synthetic chemistry workflows.