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 development of pharmaceuticals and agrochemicals. Its boronic ester group enables efficient coupling with aryl halides, facilitating the creation of biaryl structures. Additionally, it finds applications in material science for synthesizing advanced organic materials, such as conjugated polymers used in electronic devices. Its stability and reactivity make it a valuable tool in medicinal chemistry for designing drug candidates with improved efficacy and selectivity.