This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic ester functional group makes it a valuable intermediate for constructing complex molecules, especially in the development of pharmaceuticals and agrochemicals. It is often employed in the synthesis of biologically active compounds, including potential drug candidates, due to its ability to form carbon-carbon bonds efficiently. Additionally, it may be used in materials science for the preparation of advanced polymers or functional materials. Its stability and reactivity under mild conditions make it a versatile reagent in various research and industrial applications.