This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic ester functionality allows for efficient coupling with aryl halides, enabling the formation of carbon-carbon bonds. This makes it valuable in the synthesis of heterocyclic compounds, which are often found in active pharmaceutical ingredients. Additionally, it is used in material science for the preparation of organic electronic materials, including conjugated polymers and small molecules for organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its stability and reactivity make it a versatile reagent in both academic research and industrial applications.