This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronate ester group enables efficient carbon-carbon bond formation, making it valuable for producing biologically active compounds, drug candidates, and fine chemicals. Additionally, it is utilized in material science for developing advanced polymers and electronic materials. Its stability and reactivity under mild conditions make it a versatile reagent in modern synthetic chemistry.