Used extensively in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate for constructing complex molecules. Its boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in pharmaceutical research for developing drug candidates. Additionally, it is employed in material science for creating advanced polymers and functional materials. The hydrochloride form enhances its stability and solubility, ensuring efficient handling in various chemical processes. Its versatility in coupling reactions and ease of integration into synthetic pathways make it a crucial tool in modern chemistry.