This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. The boronic ester group facilitates the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules. Its application extends to the development of conjugated polymers and organic electronic devices, where it contributes to the creation of materials with tailored optical and electronic properties. Additionally, it is utilized in the synthesis of bioactive compounds for drug discovery and development.