This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex molecules, especially in pharmaceutical and agrochemical research. The boronic ester group facilitates the formation of carbon-carbon bonds, enabling the synthesis of biaryl compounds, which are essential in drug development. Additionally, it is employed in material science for designing organic electronic materials and polymers. Its stability and reactivity make it a valuable reagent in various catalytic processes, contributing to advancements in medicinal chemistry and functional materials.