This chemical is widely used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic ester group enables the formation of carbon-carbon bonds, making it valuable in constructing complex organic molecules. Additionally, it is utilized in the development of OLEDs and other electronic materials due to its ability to modify and enhance optoelectronic properties. Its stability and reactivity also make it a preferred choice in research and industrial applications for creating novel compounds.