This compound is widely used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of drugs targeting various diseases. Its boronic ester group makes it a valuable building block for creating carbon-carbon bonds, enabling the synthesis of biologically active compounds. Additionally, it is utilized in material science for the preparation of organic electronic materials, including polymers and small molecules for optoelectronic devices. Its stability and reactivity make it a preferred choice for researchers working on advanced chemical transformations.