This compound is primarily utilized 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 materials science industries. Its boronic ester group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of drug candidates, agrochemicals, and advanced materials like organic semiconductors. Additionally, its stability and reactivity under mild conditions make it a preferred choice for researchers working on fine chemical synthesis.