This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key intermediate for constructing complex organic molecules. Its boronic ester group enables efficient coupling with aryl or vinyl halides, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the synthesis of heterocyclic compounds, which are essential in drug discovery and material science. Its stability and reactivity make it a preferred choice for researchers working on fine chemical synthesis and functional material design.