This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronate ester group makes it a valuable building block for creating complex molecules, especially in pharmaceutical research and development. It is often employed in the synthesis of bioactive compounds, including potential drug candidates, due to its ability to facilitate the formation of carbon-carbon bonds. Additionally, it is used in material science for the preparation of advanced organic materials, such as polymers and ligands for catalysis. Its pyridine moiety further enhances its utility in coordination chemistry and as a precursor for heterocyclic compounds.