This compound is widely utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key intermediate for constructing complex organic molecules. Its boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of organic light-emitting diodes (OLEDs) and other optoelectronic devices due to its ability to enhance charge transport properties. Its stability and reactivity also make it a preferred choice in polymer chemistry for creating functionalized polymers with tailored properties.