This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical industry. Its boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in the development of drugs, agrochemicals, and advanced materials. Additionally, it is employed in the synthesis of biologically active compounds and functional materials due to its stability and reactivity under mild conditions.