This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical and agrochemical research. Its boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in the development of drug candidates and bioactive compounds. Additionally, it is employed in material science for creating advanced polymers and organic electronic materials. Its stability and reactivity under mild conditions make it a preferred choice in various catalytic processes.