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 group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of drugs, biologically active compounds, and advanced materials. Additionally, its stability and reactivity under mild conditions make it a preferred choice for researchers working on fine chemical synthesis and material science applications.