This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the preparation of complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronate ester group enables efficient coupling with aryl or vinyl halides, making it valuable for constructing carbon-carbon bonds. Additionally, it is employed in the development of bioactive compounds, including potential drug candidates, due to its ability to introduce pyrimidine moieties into target molecules. Its stability and reactivity make it a preferred choice in medicinal chemistry research and the synthesis of fine chemicals.