This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its boronic ester functionality allows for efficient coupling with aryl or vinyl halides, enabling the construction of carbon-carbon bonds. This makes it valuable in the development of drugs, functional materials, and other fine chemicals. Additionally, its stability and reactivity under mild conditions make it a preferred choice in research and industrial applications.