This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It acts as a versatile boronic ester reagent, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its application is significant in pharmaceutical research, where it aids in the development of drug candidates by facilitating the construction of biaryl and heteroaryl structures. Additionally, it is utilized in material science for the creation of advanced organic materials with specific electronic or optical properties. Its stability and reactivity make it a valuable tool in modern synthetic chemistry.