This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic ester reagent, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its application is significant in the pharmaceutical industry, where it aids in the development of drug candidates and active pharmaceutical ingredients. Additionally, it is used in materials science for the creation of advanced polymers and organic electronic materials, contributing to the development of organic light-emitting diodes (OLEDs) and other optoelectronic devices. The compound’s stability and reactivity make it a valuable tool in research and industrial processes.