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 the construction of complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronic ester group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of active pharmaceutical ingredients (APIs) and other biologically active compounds. Additionally, it is used in material science for the synthesis of advanced organic materials, including polymers and small molecules with specific electronic or optical properties.