This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. The boronic ester group facilitates the formation of carbon-carbon bonds, enabling the synthesis of biaryl compounds, which are essential in drug discovery and material science. Additionally, it is employed in the production of organic electronic materials, such as polymers and small molecules, for use in OLEDs and other optoelectronic devices. Its stability and reactivity make it a valuable tool in modern synthetic chemistry.