This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. The boronic ester group enables efficient carbon-carbon bond formation, making it valuable for developing active pharmaceutical ingredients (APIs) and other biologically active compounds. Its application extends to materials science, where it is used in the synthesis of organic electronic materials and polymers. The compound’s stability and reactivity make it a versatile tool in modern synthetic chemistry.