This compound is primarily utilized 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 development of pharmaceuticals, agrochemicals, and advanced materials. Its boronic ester group facilitates the formation of carbon-carbon bonds, making it valuable for creating conjugated systems in organic electronics, including OLEDs and organic semiconductors. Additionally, it can be employed in the synthesis of biologically active compounds, aiding in drug discovery and development processes. Its stability and reactivity make it a preferred choice for researchers working on precision chemical transformations.