This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex organic molecules, especially in pharmaceutical and agrochemical research. Its boronate ester group enables efficient carbon-carbon bond formation, making it valuable in developing active pharmaceutical ingredients (APIs) and fine chemicals. Additionally, it is utilized in material science for creating advanced polymers and functional materials. Its stability and reactivity under mild conditions make it a preferred choice in various industrial and academic applications.