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 the pharmaceutical and agrochemical industries. Its boronic ester functionality enables the formation of carbon-carbon bonds, making it valuable for synthesizing biologically active compounds, including potential drug candidates. Additionally, it is employed in material science for developing organic electronic materials and polymers. Its stability and reactivity make it a versatile building block in various research and industrial applications.