This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. The boronic ester functionality allows it to react with various aryl halides, enabling the formation of carbon-carbon bonds. This makes it valuable in the development of drugs, bioactive compounds, and materials with specific electronic or structural properties. Its stability and reactivity under mild conditions also make it a preferred choice for researchers working on targeted chemical transformations.