This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex organic molecules, especially in pharmaceutical research and development. Its boronic ester group enables efficient coupling with aryl halides, making it valuable for creating carbon-carbon bonds. Additionally, it is employed in the synthesis of heterocyclic compounds, which are essential in drug discovery and material science. Its stability and reactivity under mild conditions make it a preferred choice for advanced chemical transformations.