This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura coupling. Its boronate ester group makes it a valuable intermediate for constructing complex organic molecules, especially in pharmaceuticals and agrochemicals. It is also employed in the development of advanced materials, including polymers and liquid crystals, due to its ability to introduce functional groups into aromatic systems. Additionally, it serves as a reagent in the preparation of bioactive compounds and in the modification of organic frameworks for research purposes.