This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing complex organic molecules, especially in the pharmaceutical industry where it aids in the development of drug candidates. Additionally, it is employed in material science for the synthesis of conjugated polymers, which are essential in the production of organic electronic devices like OLEDs and solar cells. Its role in these applications stems from its ability to facilitate the formation of carbon-carbon bonds, enabling the creation of diverse and functional materials.