This chemical is primarily used in organic synthesis as a versatile building block, particularly in cross-coupling reactions. It serves as a key intermediate in the preparation of complex molecules, especially in pharmaceutical research and development. Its boronate ester group enables efficient Suzuki-Miyaura coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of drug candidates and other bioactive compounds. Additionally, it is utilized in material science for the development of organic electronic materials, where its structural properties contribute to the creation of advanced polymers and small molecules with tailored functionalities.