This chemical is widely used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It plays a key role in Suzuki-Miyaura cross-coupling reactions, which are essential for forming carbon-carbon bonds in complex organic molecules. Its boronate ester group makes it a valuable building block for creating biologically active compounds. Additionally, it is utilized in the development of materials for organic electronics, such as OLEDs, due to its ability to facilitate the synthesis of conjugated polymers. Its applications also extend to research and development in medicinal chemistry, where it aids in the discovery of new drug candidates.