This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic ester group facilitates the formation of carbon-carbon bonds, enabling the synthesis of biaryl compounds, which are essential in drug development. Additionally, it is utilized in materials science for creating organic electronic materials, including polymers and small molecules used in OLEDs and other optoelectronic devices. Its stability and reactivity make it a valuable tool in research and industrial applications.