This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds. Its boronate ester group makes it a valuable reagent for coupling with aryl or vinyl halides, enabling the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Additionally, it serves as an intermediate in the development of bioactive compounds, particularly in medicinal chemistry, where its structure can be utilized to create potential drug candidates targeting various diseases. Its stability and reactivity under mild conditions make it a preferred choice in modern synthetic chemistry workflows.