Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions. This compound facilitates the formation of carbon-carbon bonds, enabling the creation of diverse organic compounds, including pharmaceuticals and agrochemicals. Its boronic ester group enhances stability and reactivity, making it suitable for use in controlled and efficient synthetic processes. Additionally, it is employed in the development of materials with specific electronic or optical properties, contributing to advancements in material science.