This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of active pharmaceutical ingredients (APIs). Its boronic ester group makes it highly reactive and useful for forming carbon-carbon bonds, which is essential in creating diverse organic compounds. Additionally, it is employed in material science for designing advanced polymers and functional materials. Its stability and reactivity make it a valuable tool in research and industrial applications.