This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. Its boronic ester group makes it a valuable reagent for forming carbon-carbon bonds, enabling the creation of complex organic molecules. It is often employed in pharmaceutical research and development, where it aids in the synthesis of drug intermediates and active pharmaceutical ingredients (APIs). Additionally, its stability and reactivity make it suitable for constructing advanced materials and polymers, contributing to innovations in material science. Its applications also extend to agrochemical research, where it is used to develop new pesticides and herbicides.