This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in the development of pharmaceuticals and agrochemicals. The boronic ester group facilitates the formation of carbon-carbon bonds, enabling the synthesis of biaryl compounds, which are essential in drug discovery and material science. Its stability and reactivity make it a valuable tool in medicinal chemistry for creating targeted therapeutic agents. Additionally, it finds use in the preparation of advanced materials, such as organic semiconductors and polymers, due to its ability to introduce specific functional groups into molecular frameworks.