This chemical is primarily used as a key intermediate in organic synthesis, particularly in the preparation of complex molecules through cross-coupling reactions. It is widely employed in the pharmaceutical industry for the development of active pharmaceutical ingredients (APIs) due to its ability to facilitate the formation of carbon-carbon bonds. Additionally, it plays a significant role in the synthesis of agrochemicals, enabling the creation of compounds with enhanced biological activity. Its boronate ester structure makes it valuable in material science for the production of advanced polymers and functional materials. Researchers also utilize it in the development of organic electronic materials, such as those used in OLEDs and photovoltaic devices.