This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling, which is essential for creating carbon-carbon bonds in pharmaceuticals and advanced materials. Its boronate ester group makes it a valuable intermediate for constructing complex molecules, such as drug candidates and agrochemicals. Additionally, it serves as a building block in the development of organic electronic materials, including OLEDs and semiconductors, due to its ability to introduce functional groups into aromatic systems. Its stability and reactivity also make it a preferred choice in medicinal chemistry for designing targeted therapies.