This chemical is primarily 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 enables efficient coupling with aryl or vinyl halides, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, the presence of the methanol group allows for further functionalization, enhancing its versatility in designing target compounds. Its application is particularly significant in medicinal chemistry for synthesizing biologically active molecules and in material science for developing organic electronic materials.