This compound is primarily utilized 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 and agrochemical industries. Its boronate ester group facilitates the formation of carbon-carbon bonds, enabling the synthesis of biaryl compounds, which are essential in developing drugs and functional materials. Additionally, it is employed in the preparation of advanced materials, such as liquid crystals and organic semiconductors, due to its ability to introduce aromatic structures into molecular frameworks. Its stability and reactivity make it a valuable tool in modern synthetic chemistry.