This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, which is widely employed in the pharmaceutical and materials science industries. Its boronate ester group makes it a valuable intermediate for creating carbon-carbon bonds, enabling the construction of complex organic molecules. It is often utilized in the development of pharmaceuticals, agrochemicals, and advanced materials like polymers and liquid crystals. Additionally, its application extends to the synthesis of conjugated systems, which are essential in the production of organic electronic devices such as OLEDs and solar cells.