This chemical is primarily used as a versatile intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its boronate ester structure makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are essential for constructing carbon-carbon bonds in complex molecules. It is also employed in the synthesis of bioactive compounds, including potential drug candidates, due to its stability and reactivity. Additionally, it serves as a building block in materials science for creating advanced polymers and functional materials. Its oxetane moiety further enhances its utility in designing molecules with specific steric and electronic properties.