This chemical 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. The boronate ester group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Its application is crucial in the synthesis of biologically active compounds, including drug candidates and agrochemicals. Additionally, it is employed in material science for creating advanced polymers and organic electronic materials.