This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group enables the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. It is also employed in the synthesis of complex organic molecules, including bioactive compounds and polymers, due to its stability and reactivity under mild conditions. Additionally, it serves as a key intermediate in the preparation of boron-containing compounds, which are increasingly important in medicinal chemistry and material science.