This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. The boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in constructing aromatic compounds. Additionally, its aldehyde functional group allows for further derivatization, enabling the creation of a wide range of chemical structures. Its applications are especially significant in drug discovery and development, where precise molecular assembly is crucial.