Used primarily as an intermediate in Suzuki-Miyaura cross-coupling reactions, this compound enables the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its boronate ester group readily reacts with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical and agrochemical research for constructing biaryl or heterobiaryl systems. The presence of a pyrrolidine moiety can influence solubility and binding properties, which is advantageous in medicinal chemistry for optimizing drug candidates. It is also employed in the development of functional materials, such as organic electronic compounds, where precise molecular architecture is critical.