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, often in the development of pharmaceuticals and agrochemicals. Its boronic ester group enables efficient carbon-carbon bond formation, making it valuable for creating biologically active compounds. Additionally, it is employed in material science for designing advanced organic materials with specific electronic or structural properties. Its stability and reactivity make it a versatile tool in modern synthetic chemistry.