Used in organic synthesis as a key intermediate for the preparation of various pharmaceutical compounds. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds, which is essential for creating complex molecules in drug development. The compound is particularly valuable in the synthesis of biologically active molecules, including potential anticancer and antiviral agents. Its boronate ester group enhances reactivity and stability, making it a versatile building block in medicinal chemistry. Additionally, it is employed in the development of novel materials and polymers with specific electronic or optical properties.