This chemical is primarily used as an intermediate in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. It facilitates the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronate ester structure enhances stability and reactivity, enabling efficient transformations in complex molecular constructions. Additionally, it is employed in the development of organic electronic materials, such as OLEDs and semiconductors, due to its ability to modify and optimize electronic properties. Its applications extend to research and development in medicinal chemistry, where it aids in the creation of novel drug candidates.