This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction, where it acts as a key building block for constructing complex molecules. Its boronic ester group facilitates the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the synthesis of heterocyclic compounds, which are often used in drug discovery and material science due to their diverse biological and electronic properties. Its stability and reactivity make it a versatile reagent in modern synthetic chemistry.