This compound is widely utilized in Suzuki-Miyaura cross-coupling reactions, a key method in organic synthesis for forming carbon-carbon bonds. Its boronic ester group enables efficient coupling with aryl or vinyl halides, making it valuable in pharmaceuticals, agrochemicals, and material science. It is particularly useful in synthesizing complex organic molecules, including drug intermediates and advanced materials like OLEDs. Its stability and reactivity under mild conditions make it a preferred choice for constructing heterocyclic frameworks, which are essential in many bioactive compounds and functional materials.