This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions, where it serves as a key intermediate. Its boronate ester group enables it to participate in Suzuki-Miyaura reactions, a widely used method for forming carbon-carbon bonds. This makes it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. The oxetane ring in its structure can also contribute to enhancing the metabolic stability and bioavailability of drug candidates, making it a useful component in medicinal chemistry. Additionally, its unique structure allows for further functionalization, enabling the creation of diverse chemical entities for research and industrial applications.