This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. Its boronic ester group enables efficient coupling with aryl or vinyl halides, facilitating the creation of carbon-carbon bonds. This property makes it valuable in the synthesis of biologically active compounds, including potential drug candidates. Additionally, it is employed in the development of materials science applications, where precise molecular assembly is required. Its stability and reactivity profile make it a versatile reagent in medicinal chemistry and industrial processes.