This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic ester group enables efficient carbon-carbon bond formation, making it valuable in creating biologically active compounds. Additionally, it is used in material science for synthesizing advanced organic materials with specific electronic or structural properties. Its versatility and stability make it a preferred choice in various research and industrial applications.