This chemical is widely used 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 pharmaceutical industry, where it aids in the development of active pharmaceutical ingredients (APIs). Its boronate ester group makes it highly reactive and selective in forming carbon-carbon bonds, which is essential for creating diverse organic compounds. Additionally, it is employed in material science for synthesizing advanced polymers and organic electronic materials, contributing to the development of OLEDs and other optoelectronic devices. Its stability and reactivity make it a valuable tool in research and industrial applications.