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 in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic ester functionality allows for efficient coupling with aryl or vinyl halides, enabling the formation of carbon-carbon bonds. This makes it valuable in the development of active pharmaceutical ingredients (APIs) and other fine chemicals. Additionally, it may be used in material science for the synthesis of conjugated polymers or organic electronic materials, where precise molecular structures are required for optimal performance.