This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are essential for forming carbon-carbon bonds in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic ester group makes it a stable and effective reagent for coupling with aryl or vinyl halides, enabling the creation of complex organic molecules. Additionally, it serves as a valuable intermediate in the synthesis of styrene derivatives, which are utilized in polymers, coatings, and electronic materials. Its stability and reactivity also make it suitable for use in medicinal chemistry for designing drug candidates with improved properties.