Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. This reaction is widely employed in the pharmaceutical industry to create complex molecules for drug development. The compound's boronic ester group facilitates the formation of carbon-carbon bonds, making it valuable in constructing biologically active compounds. It is also utilized in material science for the development of organic electronic materials, such as polymers and small molecules with specific optoelectronic properties. Additionally, it finds application in agrochemical research for the synthesis of novel pesticides and herbicides. Its stability and reactivity make it a versatile reagent in various fields of chemical research.