This compound is widely utilized in Suzuki-Miyaura cross-coupling reactions, a pivotal method in organic synthesis for forming carbon-carbon bonds. Its boronic ester group facilitates the coupling with aryl or vinyl halides, enabling the construction of complex molecular architectures. This makes it valuable in pharmaceutical research, particularly in the development of drug candidates where precise molecular structures are crucial. Additionally, it finds applications in material science for creating advanced organic materials with specific electronic or optical properties. Its stability and reactivity under mild conditions further enhance its utility in various synthetic protocols.