This chemical is primarily utilized as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. Its boronate ester group makes it a valuable reagent in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex organic molecules. Additionally, it is used in the development of active pharmaceutical ingredients (APIs) and in the creation of advanced materials with specific electronic or structural properties. Its functional groups allow for further chemical modifications, making it versatile in research and industrial applications.