This compound is widely utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura couplings. Its boronate ester group acts as a key intermediate, enabling the formation of carbon-carbon bonds, which is essential in the construction of complex organic molecules. It is often employed in the pharmaceutical industry for the development of drug candidates, especially in the synthesis of heterocyclic compounds that exhibit biological activity. Additionally, it finds use in material science for the creation of advanced polymers and organic electronic materials, where precise molecular architecture is required. Its stability and reactivity make it a valuable tool in modern synthetic chemistry.