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 in the preparation of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic ester functional group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of biologically active compounds and advanced materials. Additionally, it is used in research settings for the construction of heterocyclic frameworks, which are essential in drug discovery and material science applications.