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 agrochemical industries. Its boronic ester group enables efficient carbon-carbon bond formation, making it valuable for creating biologically active compounds. Additionally, it is used in material science for developing advanced polymers and functional materials. Its stability and reactivity make it a preferred choice in catalytic processes and fine chemical production.