This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it serves as a boronic ester reagent. Its structure allows for the introduction of pyridine derivatives into complex molecules, making it valuable in pharmaceutical and agrochemical research. Additionally, it is employed in the development of advanced materials, including organic semiconductors and ligands for catalysis, due to its ability to facilitate precise molecular modifications. Its stability and reactivity make it a versatile tool in constructing heterocyclic compounds.