This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. The boronic ester group facilitates the formation of carbon-carbon bonds, making it valuable for creating aryl-aryl or aryl-heterocycle linkages. It is often employed in the synthesis of bioactive compounds, including potential drug candidates, due to its stability and reactivity under mild conditions. Additionally, it finds applications in material science for designing advanced polymers and organic electronic materials. Its versatility and efficiency in coupling reactions make it a crucial tool in modern synthetic chemistry.