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 molecules, especially in the pharmaceutical and agrochemical industries. Its boronic ester functional group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable for synthesizing biologically active compounds, drug candidates, and advanced materials. Additionally, its stability and reactivity under mild conditions make it a preferred choice for researchers working on fine chemical production and molecular design.