This chemical is primarily used as a versatile intermediate in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronate ester group enables the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. It is also employed in the synthesis of complex molecules, including bioactive compounds and polymers, due to its stability and reactivity. Additionally, it finds applications in materials science for modifying surfaces or creating functionalized materials with specific properties.