This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical and agrochemical research. Its boronate ester group enables efficient carbon-carbon bond formation, making it valuable for creating biologically active compounds. Additionally, it is employed in material science for developing advanced organic materials with specific electronic or optical properties. Its stability and reactivity under mild conditions make it a versatile reagent in various chemical transformations.