This chemical is primarily used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. These reactions are widely employed in the pharmaceutical industry to construct complex molecules, including active pharmaceutical ingredients (APIs). Its boronate ester structure makes it a valuable reagent for forming carbon-carbon bonds, enabling the synthesis of biaryl compounds, which are common in many drugs and agrochemicals. Additionally, it is utilized in materials science for the development of organic electronic materials, such as organic light-emitting diodes (OLEDs) and semiconductors, due to its ability to introduce specific functional groups into organic frameworks. Its stability and reactivity under mild conditions make it a preferred choice in various research and industrial applications.