This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester functionality makes it a valuable intermediate for constructing complex molecules, especially in pharmaceutical and agrochemical research. It enables the formation of carbon-carbon bonds, facilitating the development of biologically active compounds. Additionally, it is employed in material science for the design of advanced organic materials, including polymers and small molecules with specific electronic properties. Its stability and reactivity make it a versatile tool in modern synthetic chemistry.