Used in organic synthesis as a versatile building block, particularly in Suzuki-Miyaura cross-coupling reactions to create complex molecules. Its boronic ester group enables the formation of carbon-carbon bonds, making it valuable in pharmaceutical research for developing drug candidates. Additionally, it serves as an intermediate in the production of agrochemicals and fine chemicals. Its stability and reactivity make it suitable for applications in material science, such as creating advanced polymers or functionalized surfaces.