This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing carbon-carbon bonds, which is essential in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it serves as a precursor in the synthesis of complex organic molecules, including bioactive compounds and polymers, due to its stability and reactivity under mild conditions. Its application extends to materials science, where it contributes to the creation of organic electronic materials and functional coatings.