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 for constructing complex molecules, especially in pharmaceuticals and agrochemicals. Its boronic ester functionality enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of bioactive compounds, including potential drug candidates. Additionally, it finds use in material science for synthesizing organic electronic materials and polymers. Its stability and reactivity under mild conditions make it a versatile reagent in research and industrial applications.