This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic ester functional group makes it a valuable reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. It is often employed in the pharmaceutical industry for the development of drug candidates, where precise molecular architecture is crucial. Additionally, it finds use in materials science for the synthesis of conjugated polymers and organic electronic materials, contributing to advancements in optoelectronics and sensors. Its cyclobutyl group can impart specific steric and electronic properties, making it suitable for tailored applications in chemical research and industrial processes.