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 organic molecules, especially in the pharmaceutical and materials science industries. Its boronic ester group enables efficient coupling with aryl or vinyl halides, facilitating the creation of carbon-carbon bonds. This makes it valuable in the development of drugs, agrochemicals, and advanced materials like organic semiconductors. Its stability and reactivity under mild conditions make it a preferred choice for synthesizing heterocyclic compounds, which are often found in bioactive molecules.