This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronate ester group enables efficient formation of carbon-carbon bonds, making it valuable in constructing complex organic molecules. Additionally, it is employed in the development of fluorescent dyes and sensors due to its ability to participate in conjugation and functionalization processes. Its role in medicinal chemistry includes the synthesis of bioactive compounds and drug candidates.