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 moiety enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the synthesis of biologically active compounds, including potential drug candidates. Additionally, it is employed in material science for creating organic electronic materials and polymers. Its stability and reactivity make it a versatile tool in various chemical transformations.