This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a versatile building block for creating complex molecular structures, especially in the pharmaceutical and agrochemical industries. Its boronic ester group facilitates the formation of carbon-carbon bonds, enabling the synthesis of various biologically active compounds. Additionally, it is employed in the development of materials science, particularly in the creation of advanced polymers and functionalized surfaces. Its stability and reactivity make it a valuable reagent in research and industrial applications.